Harbor Point Receives Approvals for Redevelopment of Stamford’s South End

Stamford, Conn., Mayor Dannel Malloy has announced that Harbor Point Development L.L.C. received approval from Stamford’s Board of Representatives for financing of infrastructure improvements and approval from the Zoning Board for buildings and open space plans for Phase I of its transformation of Stamford’s South End. The development has received all necessary approvals to proceed. Harbor Point will file building permits with the city for phase one of this project, comprising approximately 1 million square feet of development, by July 1. The project will transform a long dormant section of Stamford’s industrial past into a mixed-use development consisting of a waterfront hotel, new residential, office and retail space, and 11 acres of public parks. Office and retail space will be ready for occupancy in 18 months with condominiums following shortly thereafter. South End is within walking distance of the Stamford Train Station and has been selected by the U.S. Green Building Council as a pilot member of its new Leadership in Energy and Environmental Design Neighborhood Development program. The first phase includes financing for 11 acres of public parks, street and other infrastructure improvements. A special tax district confined to the project’s 80 acres in the South End was created to issue bonds to finance the improvements. Harbor Point Development is an entity created by Antares Investment Partners and Building and Land Technology. Also in Stamford, Antares Investment Partners signed a lease in March with the Rockefeller subsidiary Integrated Wealth Services to relocate from Rockefeller Center in Manhattan to the Stamford Harbor Park.