Fairfield County Business Journal 10232017

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3 | WOMEN IN CHARGE October 23, 2017 | VOL. 53, No. 43

8 | MORTGAGE MAN

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Brookfield booming with commercial, residential developments BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

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just that.” The $52.6 million Metro Green Terrace development includes 131 oneand two-bedroom units in an 11-story tower for residents with mixed income levels on an established site that contains a 1-acre, private courtyard for tenant use, a public plaza, and an improved streetscape. An adjacent garage has 302 parking spaces. The new facility borders Metro Green Apartments, the developer’s 52,565square-foot, 50-unit affordable housing project at 717 Atlantic St., completed in 2009 at a cost of $20 million, and the

utting aside several years’ worth of perception that it was stuck in neutral, Brookfield is now on the march, both in commercial and residential development. “The whole town has really gotten behind what we’re doing,” said Betsy Paynter, Brookfield Economic and Community Development manager. Once the town adopted its Plan of Conservation and Development in 2015, she said, “We all rolled up our sleeves to start work on achieving what everyone wants to see.” Central to that effort is the Brookfield Town Center, the newly renamed district long known as the town’s “Four Corners.” The junction of state Routes 202 and 25 — Federal Road and Whisconier Road — and marked by the four gas stations on the intersection’s corners, the area is now “undergoing a renaissance,” Paynter said. With the first phase of the project — improving the streetscape with new sidewalks and granite curbing — expected to be completed by J. Iapaluccio Inc. by year’s end, the second phase is on schedule to begin next year. Paynter noted that in addition to extending the streetscape, it will connect the Still River Greenway Trail to the Town Center. The second-phase work is fully funded through an $875,000 federal grant and another $475,000 from the town of Brookfield, she said. Some 16 years in the making, the 10-foot-wide paved greenway runs south from the Town Center to Route 133 and includes a 170-foot-long pedestrian bridge , the longest in the state. Connecting it to Town Center would help promote Brookfield’s growing walkability, Paynter

» METRO GREEN, page 6

» BROOKFIELD, page 6

The approximately $53 million Metro Green Terrace apartments officially opened this month on Atlantic Street in downtown Stamford. Photo by David Sundberg.

Third Metro Green residence opens in downtown Stamford BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

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etro Green Terrace, the third phase of the Metro Green development at 695 Atlantic St. near the Stamford Transportation

Center, officially opened on Oct. 20 — and its developer, Jonathan Rose Cos., may not be done yet. “What we’re looking to create is something with a village-like feel,” said Caroline Vary, the New York City firm’s managing director for asset management. “And we think we’re doing


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