STAMFORD, CT.–The East Side Commons mixed use project to be built at the corner of East Main and Lafayette streets here should break ground before year’s end.

Final plans for the $30 million project being developed by a partnership of Hannah Real Estate Investors and Stillwater Investment Management was approved by the Stamford Zoning Board on June 26.

Seth G. Weinstein of Hannah Real Estate Investors says that occupancy is expected in the spring of 2008.

The project will involve the conversion of a 1.9-acre site of a Chrysler automobile dealership and service business into a development that will have 112 luxury condominium residential units and 15,000 sf of commercial retail space on the ground floor. Eleven of the units have been designated as affordable for-sale apartments. The ground floor space is projected to have a bank, as well as community and retail users.

“I am very pleased with the Board’s decision,” Weinstein says. “We proposed a project that will create more luxury living options for downtown Stamford paired with community based retail to serve the neighborhood needs. The city and the East Side neighbors have given us a tremendous vote of confidence with this approval.”

He adds, “East Side Commons will contribute to the city’s goal of creating more housing within walking distance of mass transit and downtown amenities. The project will continue the transformation of the Eastside Corridor into a wonderful mixed use residential and retail neighborhood.”

To the west of the East Side Commons site, the Hannah Real Estate/Stillwater partnership is expected to begin construction this fall on its Glen View House development, a 142-unit development being built at the corner of Glenbrook Road and East Main St.

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