Stamford Waterfront - Stamford, CT

Acquisition Date: 2005 to 2007
Strategy: Land Entitlement
Funds IV and V

The first property was acquired in mid-2005, and the assemblage of strategic parcels continued for a two-year period.

The property is adjacent to:
Employment - UBS and RBS
Transportation - Stamford Train Station and I-95
Affluence - Greenwich, Darien, New Canaan
Waterfront - One-mile of waterfront on Long Island Sound

The strategy was to assemble contiguous parcels in a high-barrier, urban mixed-use location, with the goal of transforming dormant industrial sites into a valuable mixed-use community with modern residential, retail, hospitality and office uses.

The key to the strategy is to create value in every phase of the process:

• Assemblage at "wholesale pricing"
• Land planning
• Zoning entitlements
• Brownfield grants and environmental remediation
• Architectural designs
• Redevelopment and new development.