Fairfield County Business Journal 080618

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SUITE TALK: LAURENCE CASO

ALTERNATIVE PATH TO WELLNESS

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AUGUST 6, 2018 | VOL. 54, No. 32

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

westfaironline.com

Community Health Center expanding Stamford presence

BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

W Residences at malls: An idea whose time has come? BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

A Renderings of the plan to add residences to the Westfield Trumbull mall.

s the leaders and residents of Trumbull deliberate on whether to approve the Westfield Trumbull mall’s proposal to add luxury apartments to its property, real estate brokers and consultants said that such a move is becoming a more common occurrence in today’s shifting retail environment. “Everything is changing and morphing into the new reality,” said Richard Latella, executive managing director of Cushman & Wakefield. “There are cycles involved, and another cycle is happening now, where

downtowns are thriving again — people are interested in moving to the center of town so businesses are opening there. They’re listening to what consumers want.” So too are prudent mall operators, Latella said. “The days of the cookie-cutter mall are gone. The bigger ones, as well as the ones being built, are generally looking to become more of a destination with something to offer beyond just retail.” Mark Hunter, managing director of retail asset services, the Americas at CBRE, agreed. “What is happening in Connecticut and elsewhere is that retail shopping habits have » TRUMBULL

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hen Community Health Center decided last year that its Stamford location was no longer sufficient to deliver the kind of health care upon which its reputation has been made, its search for a new site ended less than a mile away. “I love Stamford,” said Mark Masselli, founder, president and CEO of the nonprofit. “The energy and diversity that’s there, the inordinate amount of intellectual and social capital. It’s a community that seems to work and yet still feels a need to make itself better. It’s a great place for us to put our oar in the water.” CHC broke ground on its 20,000-square-foot facility at 22 Fifth St. last fall. Although it had previously been the home of another medical office, Masselli said that the result — expected to be completed by October or November — will “essentially be a new building.” Meanwhile, it will maintain its presence in its 7,000-square-foot building at 141 Franklin St., which will continue to offer dentistry as well as some urgent care services, he said. CHC has experienced impressive growth since its 1972 launch in a second-floor walkup in Middletown, where it is still headquartered. (“Even though, with today’s technology, you’re sort of headquartered wherever you are,” Masselli remarked.) » STAMFORD

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