STAMFORD, CT-Developers of Adams Mill River House here expect work to start early next year. Seth G. Weinstein, a principal of Hannah Real Estate Investors of Stamford and Paxton Kinol, a principal of locally based Stillwater Investment Management, say the plan was approved by a unanimous vote of the Stamford Zoning Board.
The approval paves the way for construction to get started on the 60-unit, $20-million project in either late January or early February, a spokesperson for the developer says. Prices for the units are in the $365,000 to $568,000 range. Seven of the homes will be affordable for-sale units. The development will contain one-, two- and three-bedroom units in a four-and-a-half story building constructed above recessed covered parking.
Weinstein says this project "will help Stamford become an even more pedestrian-friendly city by providing more high-value housing downtown." Fifty percent of the project, located at 17-31 Adams Ave. is pre-sold. The adjoining Mill River House, a 92-unit development in a four-and-a-half story building, is 100% pre-sold. That $25-million project is in the final stages of construction. A spokesperson for Weinstein and Kinol says that the two men have several more Stamford development projects in the planning stages.
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