Fairfield County Business Journal: Urby Stamford replaces infamous ‘hole in the ground’

Urby Stamford

Stamford’s notorious “hole in the ground” is no more.

Almost exactly two years since ground was broken on the long-vacant site at the corner of Greyrock Place and Tresser Boulevard, Urby Stamford is open for business. The $200 million residential development — the result of a joint venture between Ironstate Development Co. and Brookfield Property Group — came in on budget and “mostly on schedule,” according to Ironstate President David Barry.

Barry said residents began moving in last month.

“It’s been really exciting so far,” he said, noting that Urby signed about 30 leases in its first three weeks. Interest in the 464 units that are available has been high, Barry said.

That statement was confirmed by Leasing Manager Alexandra Novoa, who said that along with General Manager Jason Pennypacker and Property Manager Casey Craig, has been leading daily tours around the complex at a rate of about 10 a day.

Though marketed primarily to 20- and 30-somethings, Urby has drawn “a really diverse mix,” Pennypacker said. “We’ve been getting really great feedback so far.”

“Typically, families are looking for more space and houses,” Barry said. “So the Urbys tend to draw the younger end of the spectrum. But all are welcome.”

He noted that inquiries have come from Westchester County, Boston and even Nashville. “There are a lot of people either looking to relocate or whose company is relocating them,” he said.

Urby Stamford is the fourth Urby development to be completed, following Staten Island, Jersey City and Harrison, New Jersey. Barry said Urbys are in the works for Dallas and Washington, D.C.

While all share some design elements, each Urby is designed to be “unique to the ethos of the area,” the developer continued. “Stamford has a mix of five- and seven-story buildings, and Jersey City is 69 stories tall,” he noted.

Urby Stamford technically consists of 11 buildings, though they are all interconnected, sharing a common underground parking area. The project’s second and final phase, which will add 184 units in its two remaining buildings, will begin in January and take about 15 months to complete, Barry said.

FULL STORY

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