The Business Journals - Week of July 26

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AWARD WINNING EDITORIAL

JULY 26, 2021 VOL. 57, No. 30

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

TRAMMELL CROW SEEKING APPROVAL FOR 12-STORY APARTMENT BUILDING IN PORT CHESTER BY PETER KATZ pkatz@westfairinc.com

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Trammell Crow, which bills itself as the largest commercial real estate developer in the U.S. with $15 billion in active projects and an additional $6.8 billion in projects in the pipeline, wants to construct a 12-story, 185-unit rental apartment building in Port Chester.

The company proposes to demolish two existing multifamily structures and put up the new building at 208-216 King St. Attorney Anthony B. Gioffre III of the White Plains law firm Cuddy & Feder, speaking on behalf of applicant TC NE Metro Development Inc./ Trammell Crow Co., told the Port Chester Planning Commission that the new building would be on a 0.56-acre site at the southwest corner of King Street and Summerfield Place. It would have 33 studio apartments along with 55

one-bedroom, 83 two-bedroom and 14 three-bedroom units. He said that the existing multifamily structure at 208 King St. has two units while the one at 216 King St. has » TRAMMELL CROW

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The big boom:

Business, residential, media all roaring in Stamford BY KEVIN ZIMMERMAN Kzimmerman@westfairinc.com

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he Stamford Downtown district boasts that “This is the Place!” in its marketing and branding. But, according to the city’s Director of

Economic Development Thomas Madden, these days that phrase pretty much applies to Stamford’s entirety. “It’s been pretty positive here,” he admitted with a laugh. “Even during Covid, we’ve had seven or eight new restaurants open

— more opened than closed — we can’t build apartment buildings fast enough and we’ve got all these companies coming here.” Those companies include ITT, moving its headquarters from » THE BIG BOOM

Evan R. Corsello

Frank J. Gaudio President & CEO

203.302.4375

westfaironline.com

Chief Lending Officer

CALL US TODAY

203.302.4003

EXPERT LENDERS  COMMERCIAL & RESIDENTIAL Port Chester – 914.908.5444 500 Westchester Avenue

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Cos Cob – 203.629.8400 444 E. Putnam Avenue

Stamford – 203.413.6101 900 Summer Street

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