Company officials say the name is derived from the project'scentralized location between New York City and Boston as well aswithin Fairfield County and even in Norwalk, situated between theSoNo and the Wall Street districts. The project is bordered byChapel Street to the north; Butler Street to the south; West Avenueto the west and Academy Street to the east.

Seligson Properties earlier this year was named master developerfor the venture by the Norwalk Common Council, which has alsoapproved a concept plan for the site. The development firm is nowin negotiations with the city on a Land Disposition Agreement, saysJeff Kaplan, director of marketing and communications for SeligsonProperties. The design and planning consultant on the project isStreet-Works LLC of White Plains.

Waypointe as currently proposed consists of approximately535,000 sf of retail space, 75,000 sf of office space and 350housing units along with parking. At least 10% of the housing unitswill be marketed as affordable. The developer is in the process ofconstructing a marketing outreach center that will open in the fallof this year. Kaplan says the firm is hopeful of obtaining siteplan approval by the spring of 2008 with the hopes of breakingground by December 2008 and completed by 2011.