Westchester and Fairfield County Business Journals: 062119

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JUNE 24, 2019 VOL. 55, No. 25

westfaironline.com

Some Bugatti models can cost up to $19 million. Photo by Peter Katz.

INSIDE

Hot wheels

STAMFORD ‘MECCA’ ATTRACTS OUT-OF-STATE DEVELOPERS

TUCKAHOE BUSINESS QUIETLY SERVES A LUXURY MARKET

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TOLL TROUBLES

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MORE THAN REAL ESTATE

BY PETER KATZ pkatz@westfairinc.com

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nondescript industrial area of Tuckahoe which features a tile company, a tool manufacturer, self-storage and a brewery is home to a business, which attracts clientele seemingly more suited to Park Avenue, Wall Street, Hollywood and The Hamptons. In fact, unless you know in advance

what to expect, you’d probably be astonished when you stepped inside the one-story building housing Matt Figiola’s Ai Design. Lined up on a floor which is spotless when compared with normal garage floors are vehicles sporting the logos of manufacturers such as Porsche, Bentley, Ferrari, Jaguar, Mercedes and even Bugatti, the world’s most expensive car. The bottomof-the-line Bugatti Chiron

BY KEVIN ZIMMERMAN

starts at about $3 million and a top-of-the-line La Voiture Noire sold for $19 million, including taxes, of course. Oil changes on a Bugatti, by the way, usually cost $21,000 because the car has to be partially disassembled to get at the oil system. Figiola specializes in the custom side of the luxury car business and his Ai Design has built a reputation as one of the most desirable » LUXURY CARS

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kzimmerman@westfairinc.com STAMFORD’S GROWTH CONTINUES TO DRAW attention not just from local developers, but from out of staters as well. The 19-floor Vela on the Park, at 1011 Washington Blvd., consisting of 176,785 square feet of residential, 3,669 square feet of retail and 6,166 square feet of amenity space, opened in 2018 as the second Stamford project of Boston developer Trinity

Financial. Urby Stamford, a combination 648-unit, 5,100-square-foot retail property at 57 Greyrock Place, is under construction courtesy of Hoboken’s Ironstate Development Co., its first such project in Connecticut. And now LMC, a subsidiary of Miami-based Lennar Corp., has gotten into the act, having recently broken ground on the 15-story, 414unit, high-rise The Smyth at 885 Washington Blvd., » STAMFORD

r Port Cheste N E NOW OP EXPERT LENDERS  COMMERCIAL & RESIDENTIAL

Port Chester – 914.908.5444 500 Westchester Avenue Port Chester, NY 10573

NMLS # 510513

Cos Cob – 203.629.8400 444 E. Putnam Avenue Cos Cob, CT 06807

Stamford – 203.413.6101 900 Summer Street Stamford, CT 06905

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