Fairfield County Business Journal: 071219

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JULY 15, 2019 VOL. 55, No. 28

westfaironline.com

A rendering of the proposed transportation center in Greenwich.

INSIDE

Much more than a train station $45M TRANSPORTATION CENTER PROPOSED FOR GREENWICH

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CODE NINJAS

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MILLENNIALS AND REAL ESTATE

MARTIN TOUTS STAMFORD’S PROGRESS

BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

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he public-private partnership between the town of Greenwich and Greenwich Plaza, owned by The Ashforth Co., will redevelop and construct a modern transportation center, with a price tag of $45 million.

The project will include the development of an entirely new train station to replace the existing station on the north side of the tracks; a new station on the south side of the tracks; expanded and improved drop-off and pick-up areas for both stations; new pedestrian and commuter pathways; a new privately owned public park on the corner

BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

of Greenwich and Railroad avenues; new luxury movie theaters above the existing parking lot on Railroad Avenue; and modernized retail space along Railroad Avenue. The new Bow Tie Cinemas Ultimate cinema complex on Railroad Avenue will be within walking distance of Bow Tie’s existing Criterion at Greenwich Plaza, which will be demolished in favor of the park. The Ridgefield-based chain’s Ultimate concept includes reserved luxury recliner seating, a full restaurant menu and a full bar with food and drinks served to » GREENWICH

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lthough he considers the city to be in a better position than it was when he took office in 2013, Mayor David Martin said Stamford “continues to face challenges that require diligent focus from our city staff and commitment from our elected officials” at his annual state of the city address to Stamford’s Board of Representatives on July 2. The mayor said more people, particularly younger ones, are choosing Stamford over other options in Fairfield County and the New York City region as places to live and work — something he said was driven by its public safety

efforts. Stamford’s population is estimated at 129,113, representing roughly 1% growth per year since 2011 — above Connecticut’s growth of 0% per year. Stamford experienced a 23% reduction in serious crimes from 2017 to 2018, but an 8% increase in property crime, primarily driven by increased larceny and theft offenses and motor vehicle theft, the mayor said. Nevertheless, he added, “Stamford remains the safest city in New England and has realized a 33% reduction in crime since 2011.” Unaddressed was the ongoing trouble the city has experienced in naming a new police chief after Jon Fontneau, who had held that position since 2012, » STAMFORD

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