STAMFORD, CT-The ongoing $2-billion Harbor Point project has already transformed Stamford's industrial South End into a host of luxury apartment towers and office buildings. However, the latest upgrade could potentially be sidetracked due to a debate over the city marina.
The developer, Building & Land Technology, is seeking city approvals to build a new 850,000-square-foot corporate headquarters for hedge fund firm Bridgewater Associates. The Stamford-based developer is also seeking city approval to build a six-acre boat yard nearby to replace a 14-acre boat yard it demolished earlier. The former boat yard property will be the site of the Bridgewater headquarters building.
Some Stamford residents charge that the six-acre boat yard plan will not adequately replace the prior boat yard. Building & Land Technology on the other hand contends that although the new yard will be smaller in size, it will have a larger capacity. The developer says the boat racks will allow the yard to stack up to 509 boats for winter storage. The old site stored 500 boats. The company also plans to create access that will allow boats to be transported to the facility. See story in the Wall Street Journal.
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