(Read more on the multifamily market.)

STAMFORD, CT-Although site work has already commenced on the development, the developer of the $100-million Highgrove luxury condo project here says that an official groundbreaking for the 18-story building will be staged on Sept. 27. Locally based Ceebraid-Signal Corp. and the real estate group of New York City-based Investcorp International are building the 350,000-sf, 95-unit project located at 70 Forest St. at the outskirts of Stamford’s Central Business District.

Last month, Ceebraid-Signal reported that Investcorp had become an equity partner in the Highgrove project. At the time of the deal, both parties did not divulge any financial details on their partnership on the Highgrove development.

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