d building fetches $78M in city’s largest multifamily sale this year … more
Clockwise from top left: Buyer snaps up five floors of space in Norwalk office building, Stamford apartment building fetches $78M in city’s largest resi sale this year, Dobbs Ferry developer wants to build luxury hotel in New Rochelle (credit: EarthCleaner), and LLC shells out $1.45M for two buildings in downtown New Rochelle.
Stamford apartment building fetches $78M in city’s largest multifamily sale this year
San Francisco-based Friedkin Realty Group purchased an apartment building in Stamford from Norwalk-based Fuller Development LLC and Spinnaker Real Estate Partners for $78 million — the largest multifamily sale in the city so far this year, The Hour reported. CBRE brokered the deal for Element One, the 183-unit building which opened on Morgan Street around two years ago, according to the outlet. “We really liked the construction and design,” Friedkin Realty Chairman Morton Friedkin told the outlet. “Combined with the recently added townhouses, it makes for a very balanced property.” Friedkin also owns two apartment complexes in Danbury. [The Hour]
Dobbs Ferry developer proposes luxury hotel in New Rochelle
A Dobbs Ferry developer wants to bring a 24-story hotel to New Rochelle, LoHud reported. WARD Capital Management’s TRYP by Wyndham hotel would rise at 115 Cedar Street, near I-95, and have around 225 rooms, a rooftop pool, a parking garage, according to the outlet. New Rochelle already has a Radisson and a Residence Inn by Marriott, as well as the V Hotel, which is currently under construction. “We’re excited about bringing a luxury hotel to the City of New Rochelle,” Managing Partner and CEO D’Wayne Prieto said, adding that the hotel would be an “urban resort.” [LoHud]
Bridgeport construction projects to get $14.8M in state bond funding
A handful of construction projects in Bridgeport are getting a total of $14.8 million in state bond funding, the Fairfield County Business Journal reported. The cash will cover designs for improvements to I-95 exits 27A and 19, in addition to the exterior restoration of City Hall, improvements to Crescent Crossing housing development and more. The State Bond Commis上海贵族宝贝论坛