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OCTOBER 22, 2018 | VOL. 54, No. 43
YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS
westfaironline.com
23-year-old CEO takes charge of Danbury nonprofit BY PHIL HALL phall@westfairinc.com
M Summit Development buys Danbury’s Matrix Corporate Center for $17M
The Matrix Corporate Center will be subdivided.
BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
T Summit Development’s Felix Charney.
he Matrix Corporate Center, the former Union Carbide headquarters in Danbury, has been bought by Southportbased Summit Development for $17 million or $16 per square foot. Summit’s plans for the complex at 39 Old Ridgebury Road, which has stood largely vacant for the past several months, call for converting it into a unique office, retail and residential complex. The site, which originally includ-
ed 650 acres when Union Carbide moved there from Manhattan in the 1980s, today consists of 100 acres, 25 of which are to be zoned for residential development. Summit plans to repurpose the building by subdividing it into 700,000 square feet of Class A office space; 400,000 square feet of residential apartments; 100,000 square feet of conference and event space; and 100,000 square feet of core services and amenities. Summit Founder, CEO, President and Principal Felix Charney said that redevelopment work on the inte» MATRIX
ost college graduates begin their professional careers at entry-level positions. But Justin Calitro is a bit different: his first professional career opportunity finds him as the CEO of the nonprofit Danbury War Memorial. And how did he score such a job? “I kind of threw my name in there,” recalled the 23-year-old Calitro when he learned that the position was available. “I was thinking, ‘Why not?’ I was looking for a job for a year after college. I went through three different interviews.” Calitro, who is the son of city Planning Director Sharon Calitro, graduated from Sacred Heart University last year with a double major in sports management and finance and worked in the school’s athletics facilities program while he was a student. He is now running a $500,000 organization with a 14-person part-time workforce that serves a dual purpose as a fitness and community center and as a memorial that honors local veterans who served in 20th and 21st century wars. While Calitro stressed that his education gave him the skill set needed to handle his daily duties, much of his work since taking on the CEO role in June has been on-the-job learning. For example, Calitro made efforts to reach out to veterans by setting aside convenient parking spaces for those who earned the Purple Heart while
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