Fairfield County Business Journal 031218

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REVERSE MORTGAGE COUNSELING

GALERIE SONO

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MARCH 12, 2018 | VOL. 54, No. 11

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

westfaironline.com

Greenworks Lending carves out niche with C-PACE financing

Jessica Bailey, CEO of Greenworks Lending

BY PHIL HALL phall@westfairin.com

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ommercial property owners seeking to reduce operating costs related to energy consumption are benefiting from a federal financing program called Commercial Property Assessed Clean Energy. One of its champions is Jessica Bailey, co-founder and CEO of Greenworks Lending in Darien, whose 3-year-old » GREENWORKS

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Developer Michael Eppoliti inspects the first of five condos in Ridgefield. Photo by Kevin Zimmerman.

Ludington Court latest sign of Ridgefield’s growing condo scene

BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

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ive luxury condominiums rising on Ridgefield’s Main Street may be indicative of a continuing trend — providing housing for millennials and empty nesters alike — around the county, but they’re also symptomatic of the town’s need to repurpose neglected properties into something valuable. Rehabilitating a property to make it a tax-revenue generator is nothing new, of course, but in Ridgefield’s case it’s practically a necessity when it comes to new homes, according to Arnold Light, chairman of the town’s Economic and Community

Development Commission. “We just don’t have room for a lot of new construction,” Light said. “There are pieces of land here and there that single-home builders can purchase, but we don’t have enough opportunity to build a number of houses like Michael Eppoliti is doing.” What developer Eppoliti is doing is creating Ludington Court, a five-residence community running from 509 to 527 Main St., on the one-acre site of what was a long-dilapidated, century-old house on the corner of Main and Gilbert streets. Two of the homes will face Main and The Elms complex across the street, while the remaining three will face » RIDGEFIELD

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