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Trumbull’s general fund is “as high as it’s ever been” – nearly $26 million as of June 30, the end of its fiscal year – and has a “healthy surplus,” according to First Selectman Vicki Tesoro.
According to developer Rose Equities, The Residences at Main will create a real property value of almost $50 million and personal property value of $7.3 million.
Acquired in 2019 by San Francisco-based Le Tote for $75 million, Lord & Taylor, headquartered in New York City, was established in 1826.
“We’ve been fortunate in that developers are still moving ahead with their projects, and more people are looking to locate to our town," says Economic and Community Development Director Rina Bakalar.
“We are working closely with local officials and other relevant community groups to ensure a healthy, clean and safe environment for our customers, tenants and employees,” said Vice President of Shopping Center Management Patrick Madden, “and are committed to providing the best experience possible as business begins to operate at the centers.”
Meanwhile, most eyes are trained on The SoNo Collection in Norwalk, where several stores are scheduled to open Oct. 11.
Even as the area anxiously awaits the much-hyped opening of the SoNo Collection megamall in Norwalk, there are conflicting signs about just how healthy the shopping mall sector is.
Homegrown diversions Kidz Klub, D-BAT Academy and Technique Tigers Baseball Academy will soon exist alongside Trumbull franchises of national entertainment firms SeaQuest and Escapology.
“The more Trumbull can control our own destiny, the better we are for it,” said First Selectman Vicki Tesoro, noting that the Westfield Trumbull mall is the town’s largest taxpayer.
The town says strong interest has been expressed in the former United Healthcare building - whose 253,000-square-foot space represents 52 percent of all the vacant space in Trumbull - while adding significant housing to the Westfield Mall property is under discussion.
The Westfield Trumbull mall’s original proposal to add 580 apartments on its property at 5065 Main St. has been scaled down to 290.
"The tone of the town has changed" for the better since Vicki Tesoro took office in December, according to Aquarion Water Co. executive Bruce Silverstone.
Meanwhile, the company behind Norwalk's forthcoming SoNo Collection has rejected a takeover bid.
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