Westchester and Fairfield County Business Journal 01420

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TR US TE D J O U R NALI S M AT YO U R FI N G E RTI P S

SEPTEMBER 14, 2020 VOL. 56, No. 37

westfaironline.com

Ross Lodato, co-owner of Stamford’s United House Wrecking, shows off the eclectic inventory of the soon-to-close store. Photo by Phil Hall.

End of an era

INSIDE

UNITED HOUSE WRECKING TO CLOSE AFTER 66 YEARS IN STAMFORD

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LATIMER VS. TRUMP

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FAST-TRACK TRAINING

HIGHS AND LOWS

BY PHIL HALL phall@westfairinc.com

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hen United House Wrecking announced on its website earlier this month that it was permanently closing after 66 years in business, many people assumed the iconic Stamford furniture and

antiques store was the latest casualty of the economic trauma created by the Covid-19 pandemic. But co-owner Ross Lodato acknowledged the demise of his family-run business was many years in the making. “Since 2007, after the crash, it’s been very challenging,” Lodato said. “The environment has

CHARTING THE FUTURE OF THE MID-HUDSON ECONOMY

changed, the customer base has changed — every year we were retooling our business trying to readapt. Everything is going toward the internet and people are not shopping on the weekends. Young people not buying quality furniture anymore.” The strain of trying » HOUSE

Take a look at the hundreds of businesses and organizations in the region

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BY PETER KATZ pkatz@westfairinc.com

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ichael Oates, president and CEO of the nonprofit Hudson Valley Economic Development Corp., is optimistic about the region’s economic recovery from the Covid shutdown, especially in the areas of real estate and development. “We’re seeing some very strong activity within the real estate community,” Oates told the Business Journal, explaining that he’s gotten feedback that real estate offices have been receiving a lot of inquiries on commercial properties as well

as residential. “Rand Commercial is one of our board members and they’re telling us that they’re extremely busy. They have a lot of listings and a lot of people reaching out to see properties and try to make things happen.” Oates said that major developments in the region such as Legoland in Goshen, the Amazon warehouse being built in Montgomery that could bring 800 jobs to the region and the $500 million Bellefield at Historic Hyde Park development across from the Culinary Institute of America on Route 9 hold promise to help in the regional » ECONOMY

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