MAY 6, 2019 VOL. 55, No. 18
westfaironline.com
A rendering of the SoNo Collection mall.
INSIDE PAGE
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XPO’S SUSTAINABILITY REPORT
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REAL ESTATE OUTLOOK
An uncertain future
MALLS FACE CHALLENGES WITH SONO COLLECTION OPENING LATER THIS YEAR BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
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ven 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. In Fairfield County, this has been evident at the Stamford Town Center, which has seen a flurry of exits over the past few
months. Some of those were due to corporate bankruptcies — Charlotte Russe, Gymboree and Payless ShoeSource — while The Walking Co. has been in and out of bankruptcy twice in the past decade, and the latest casualty, Kona Grill, has had its own financial troubles. Others, including Williams-Sonoma and its affiliated brand Pottery Barn, Armani Exchange, J. Crew and Ann Taylor, simply moved out.
Dan Stolzenbach, general manager of the four-floor, 853,000-square-foot mall, put a positive spin on the exodus. “Obviously, the recent announcement of closures of various national retailers is not welcome news,” he said. “But tenant vacancies create an opportunity to bring in new merchants that will better connect with our customers. Our leasing team is actively speaking to a variety of potential tenants and we will be opening some exciting new stores in the next few weeks.” They include a showroom for luxury automaker Genesis Motor, the luxury vehicle division of South Korea’s Hyundai Motor Group. Although there is » » SONO
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Sen. Chris Murphy (left) listens to Mayor Harry Rilling and Chief of Economic and Community Development Jessica Casey describe economic development initiatives in Norwalk on April 15.
NORWALK DEVELOPMENT GOING STRONG, BUT WALK BRIDGE STILL A THORN FOR SOME BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
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orwalk’s modernization efforts are, according to Mayor Harry Rilling, continuing to make steady and positive progress. At least if you don’t include the Walk Bridge. Something of a perennial headache for officials and residents alike since at least 2014, the 123-year-
old structure carries rail traffic on Metro-North’s New Haven Line as well as Amtrak service on the Northeast Corridor that serves passengers traveling between Boston, New York and Washington, D.C. The need to replace it first became obvious about five years ago, when the swingarm bridge failed to close twice, disrupting travel on the New Haven Line. A year later, plans were » » NORWALK
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