3 | HERS: 25 YEARS October 09, 2017 | VOL. 53, No. 41
YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS
Keeper of the Palace
S
tamford’s long-derided “hole in the ground” on the corner of Greyrock Place and Tresser Boulevard is finally being filled in.
BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
A
» STAMFORD URBY, page 6
» CHARTER, page 6
Apartments to rise on Stamford’s 'hole in the ground' kzimmerman@westfairinc.com
Half a million square feet: Charter to build new Stamford HQ
nine buildings totaling 464 rental apartments. Construction on the second phase is expected to start in late 2019 and will include 184 apartments in two buildings. The apartments will include studio, onebedroom and two-bedroom units. The complex will feature common areas to encourage residential interaction, as well as an on-site coffee shop that will be open to the public during business hours, Barry said. Space will also be available for local entrepreneurs like florists and restaurateurs to show their wares, he noted, in an effort at making Stamford Urby “more interactive.”
Executive Director Michael E. Moran leads the Palace Theater in Stamford as it marks 90 years since its 1927 opening as a vaudeville theater. Story, page 2. Photo by Phil Hall.
At an Oct. 3 groundbreaking ceremony, David Barry, president of Ironstate Development Co., touted the new Stamford Urby residential development project on the 4.3-acre site as “a hole that will be filled with something exciting and new.” Stamford Urby will be completed in two phases, the first of which consists of
westfaironline.com
mid a continuing state budget crisis, Connecticut business leaders and elected officials hailed as “good news” the plans by Charter Communications Inc. to build a 500,000-square-foot, 15-story headquarters building and expand its business operations at Gateway at Harbor Point in Stamford. Following its commitment to create and retain 400 jobs under the state’s First Five Program in 2012, Charter on Oct. 3 said it would create an additional 1,100 jobs in the corporate headquarters at 406 Washington Blvd. and has agreed to a total of $100 million in planned capital expenditures in Connecticut over the next several years. The communications company two days later announced it plans to further expand its business footprint in Connecticut by basing its entire captive insurance operations in the state. “Since relocating Charter’s headquarter operations to Stamford in 2012, the company has undergone a transformation to become the second-largest cable provider in the U.S.,” Charter Chairman and CEO Tom Rutledge said when announcing plans for the new headquarters. “This new, state-of-the-art facility in downtown Stamford will provide Charter the necessary resources to facilitate its continued growth.” "We are thrilled to partner with Charter to develop their new headquarters here at Gateway Harbor Point," said Carl Kuehner, CEO of Building and Land Technology Inc., which will construct
See story on page 2
BY KEVINZIMMERMAN
10 | MUSEUM PIECE