The Business Journals - Week of May 17

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AWARD WINNING EDITORIAL

MAY 17, 2021 VOL. 57, No. 20

I N CLU DI N G TH E H U DSO N VALLE Y WE E K LY S EC TIO N

THE CHANGING LANDSCAPE

The new luxury community Carraway. (left) 103 and 105 Corporate Park Drive in their final days.

Corporate park gives way to housing BY PETER KATZ pkatz@westfairinc.com

A

thriving office park that once bustled with workers, today is becoming the actual home to workers. A 421-unit apartment complex in Harrison that had its groundbreaking in August 2017, now has its first units occupied. The luxury community is known as Carraway and is on a 10-acre site that had been dominated by office buildings at 103 and

105 Corporate Park Drive, which were demolished so construction could begin. What was known as The Platinum Mile along Interstate 287 is slowly evolving from one once populated with shiny steel low-rise office buildings to low-rise buildings housing co-ops and apartments. The complex is a short walk from the Wegmans food store and is directly across the street from a pediatric medical center that is being completed by Simone Healthcare Development for The Children’s Hospital at Montefiore. Wegmans was built on land that held a clutch of office buildings as well. The pediatric hospital

RMS hits 25

Commercial developer remains bullish on Stamford, region

itself is a repurposed office building. Next door on Westchester Park Drive, a Life Time Fitness complex replaced the huge building that housed the printing plant, sales and news offices of The Journal News. Just down the street the building once filled primarily by the law office of Wilson Elser Moskowitz » CORPORATE PARK

westfaironline.com

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BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com When it comes to gathering no moss, a rolling stone has nothing on Randy Salvatore. “Time goes by so fast, I’d forgotten about it,” said the commercial real estate developer, referring to the 25th anniversary

of his Stamford firm RMS Cos. “We’ve been so busy — which is always a good thing.” RMS made its name in Fairfield County via such projects as luxury apartment complexes Ainslie Square (Stamford), Mayfair Square (Danbury) and Copper Square (Bethel), as well as the construction of

new luxury college dorms on UConn’s Stamford campus and such boutique hotels as the pair of Hotel Zero Degrees in Danbury and Norwalk; a third was renovated and rebranded last year as The Lloyd in Stamford. But the company has also become a signifi» RMS

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