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"The Nuvance lease will bring office space occupancy to 80%, and with their proposed further expansion we will be at 100%," says project manager Michael Basile.
While the county's commercial space vacancy stands at 26.7% -- and is expected to drop to 23.5% next year -- that still compares unfavorably with the nationwide rate of 12.2%.
The Stratfield IGA market — and the original Stratfield Village Association — may be gone, but they are hardly forgotten, as a pair of...
“We are so excited to be opening a second location in Chappaqua Crossing,” said Tanya Tochner, who owns the boutique ROCKS, which also has a location in Armonk.
Mayor Mark Boughton credits a solid budget, the addition of 900 new businesses last year, and no tax increase as reasons to be cheerful; the nine-term mayor's November opponent maintains that "we need a new vision going forward.”
According to the firm’s fourth quarter report, after recording moderate gains in each quarter of 2017, the county’s office market gradually gave back those advances in 2018.
In addition to the big splash it made last October with the $17 million acquisition of Danbury's Matrix Corporate Center, the Southport developer is working on several other high-profile projects.
For more than 50 years the newest Goddard School location was home to the Stratfield IGA Market.
Summit plans to repurpose the building by subdividing it into 700,000 square feet of Class A office space; 400,000 square feet of residential apartments; 100,000 square feet of conference and event space; and 100,000 square feet of core services and amenities.
"The real question boils down to whether Westport wants to be an inclusive or an exclusive community,” said Summit Development Founder, CEO, President and Principal Felix Charney.
Tenants include Wells Fargo, Navigator Management, IMS Health, Lenovo and Sigmund Software.
The recently renovated 45,000-square-foot two-building medical office/residential apartments complex is located at 747 Belden Ave.
The Class A, approximately 215,000-square-foot office building has just 9,700 square feet remains available.