[Tops1234]

Does anyone have any information on the new construction going on in Stamford on the corner of Washington and Tresser?? I found articles from 1-2 years ago stating it will be an apartment complex with first floor retail. Does anyone know if this is the plan and when it's expected to finish?

There are a few open lots back there as well, anyone know what the plan is with those?

Thanks,
TOPS

[Tops1234]

It was actually mentioned in the advocate yesterday that work has started, but no other details.

[Comp625]

Apartment living in Stamford is super popular, so as long as it isn't asking for Trump Tower prices, I think it will be successful. I am concerned of the commercial property on the ground floor; I have seen quite a few empty storefronts pop up throughout the last few years in downtown Stamford (obviously coinciding with the recession).

Once the market picks back up, I am sure those store fronts will be rented out like hot cakes. Great investment...just hope that the recession doesn't continue to linger for a further extended amount of time.

[Tops1234]

Depends on the type of stores. A little further up Washington, all those stores are closing, but they are run down and not really appealing to the new downtown Stamford market (young professionals). With the proximity to the train and bars/rest of downtown, this is a goldmine location. If I was a developer, I'd be doing anything I could to get something up on the lots next to RBS on Clinton Ave

[AntonioR]

Speaking of Trump prices, the Trump tower apartments are now starting at $400k-ish. I can only imagine how those that paid over $600k (that was the starting point) for their shoe-box with magnificent views must feel now.

And the lots along Clinton Ave, just north of RBS, are destined to become part of a new park that will follow the river from around the UConn garage (rumor has it that it too will be demolished, which leaves me wondering where exactly the students will park their cars) all the way down to the Sound. This project has been going on for quite a few years now at a turtle like pace. At least the part of the park between West Broad Street and Main Street (across the street from the Trump building) is currently being developed. By the looks of things, that part of the park should be done before the year is over, IMO.

[Tops1234]

Seems that everything in Stamford gets done at a snails pace. They have been working on the bridge on Tresser for close to 6 months.

[stamfordproducer]

Originally Posted by Tops1234

Seems that everything in Stamford gets done at a snails pace.

Not everything. to wit: Harbor Point which is rising like a pop up card. It's the difference between public and private construction.

Further information on the residences at the former site of the Advocate on Wash and Tress: they will be low rise, just five stories high, with the architecture of the Clinton Ave side more residential than the more industrial look of the Washington Blvd. side.

Some apartments, by city mandate, are set aside for lower income families.

The retail space in the two Washington Ave Towers is an absolute blight, as is the block across the street from the boutique Hotel Zero Degrees.

[Tops1234]

I don't get why someone isn't developing the area directly surrounding the train station. That is where people want to live!!

Close to public trans and the bars of downtown, best of both worlds.

[Mike 75]

Originally Posted by Tops1234

I don't get why someone isn't developing the area directly surrounding the train station. That is where people want to live!!

Close to public trans and the bars of downtown, best of both worlds.

Its moving from the water north. You can already see it along Canal street and at Harbor Point. I would guess that within 10 years the entire South End will be redevloped and gentrified.