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Multi-family has been stable, and single-family has been on fire," enthused People's United Bank Executive Vice President Marjan Murray at the Construction Institute's annual Fairfield County Economic Forum.
Prior to its development, the Greypointe site was the subject of two decades of unsuccessful construction plans.
The Lloyd, a 94-room pet-friendly establishment, is scheduled to open in April.
What’s happening with Ainslie Square “is reflective of the fact that people want to come and live in Stamford,” said Mayor David Martin. “The reason rents are so high here is because we still don’t have enough housing.”
Efforts to develop the site dating from the early 2000s were unsuccessful due to a variety of problems such as bankruptcy, foreclosure, landslides and lawsuits.
“We’ve been able to make two price increases in the past three weeks,” said RMS Cos. Founder and CEO Randy Salvatore. “Interest is so strong – I haven’t seen it like this in a long time.”
Each property consists of 58 luxury apartment units with amenities including 24-hour fitness centers, rooftop lounges and screening rooms.
Practically from the moment that UConn opened its first residence hall in his city last year, Stamford Mayor David Martin has been hoping to add more student housing. On Wednesday, June 6, he got his wish.
The University of Connecticut's Stamford satellite is closing in on a deal that could bring near-campus housing to hundreds of students for the first time in the school's history.
The company's founder says his projects will continue to attract working professionals, businesses, restaurants and entertainment to the city.