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“New York City is out of lab space, or it’s too expensive,” says Stamford Director of Economic Development Thomas Madden, “so those companies can migrate into Westchester County or Stamford.”
Over the summer, BLT saw more than twice its historical leasing volume at Harbor Point, with approximately 1 in 3 new residents emanating from New York City,
The site at 200 Commons Park South is the artisan shop’s first Connecticut location.
“I don’t know of any private shipyard that can get the kind of help that (Harbor Point developer Building and Land Technology) does,” says the group's co-founder Maureen Boylan. BLT Co-president Ted Ferrarone maintains that everything is being done properly.
Berkshire Hathaway HomeServices New England Properties reported leasing increases of 90% in Wilton, 75% in Westport and about 27% in Greenwich from March 1-April 29.
The New Canaan resident joins a team "committed to exploring the benefits public/private partnerships can yield for Connecticut and on a national level as we continue on our mission to create and enhance vibrant ecosystems where individuals can live, work, play and stay," BLT said.
“Stamford could become the sixth borough of Manhattan" if the promise of improved train service becomes a reality, according to BLT Co-president Ted Ferrarone.
“One of the keys (for Stamford and Norwalk) is the train stations,” says BLT Co-president Ted Ferrarone. “That just helps create the kinds of synergies that employers, employees and residents are all looking for right now.”
“A lot of people have the impression that all the new development going on hasn’t created opportunities for below market rate units,” says BLT CEO Ted Ferrarone. “That is a misperception.”
“Looking back 10 years later at the original master plan, which was pretty ambitious and speculative, it’s remarkable how much of it has been realized," says Building & Land Technology Chief Operating Officer Ted Ferrarone.
The 218 apartments are surrounded by a six-mile waterfront boardwalk, two restaurants, a marina and a full-service boatyard.
Over 200 residential rental units are under construction at Harbor Landing, a mixed-use waterfront development; its first occupants are scheduled to move in on June 15.
"Corporations want to be near transportation, which contributes to demand for apartment housing that their workforce wants to be in," said Building and Land Technology COO Ted Ferrarone.
The newly connected waterfront destination, across from Harbor Point and overlooking the Long Island Sound, will include 200,000 square feet of waterfront office space and 218 residential rental units.
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