Stamford Planning Board Reviews Proposal for 300 Residential Units at Vacant Office Complex

What's Happening?

A vacant office complex in Stamford, Connecticut, is the subject of two proposals submitted to the Stamford Planning Board, aiming to transform the site into nearly 300 residential units. Long Ridge Road LLC has proposed converting a three-story, 302,000-square-foot office building at 120 Long Ridge Road into 196 apartment units, including studios, one-bedroom, and two-bedroom apartments. The property, which spans 24.9 acres and includes a three-level parking garage, was previously owned by Olin Mathieson Chemical Corporation and later General Electric Capital Corp. The demand for suburban office space has decreased, exacerbated by the COVID-19 pandemic, leading to a shift towards urban locations and remote work models. Additionally, Toll Northeast V. Corp plans to build 44 carriage homes and 58 townhomes on the site, with a portion designated as Below Market Rate housing.

Why It's Important?

The proposed development reflects a broader trend of repurposing underutilized office spaces into residential areas, addressing the growing demand for housing in urban and suburban settings. This shift is significant as it aligns with Stamford's goals to replace underperforming office sites with more desirable housing options, potentially increasing the city's commercial tax base and alleviating stress on homeowners. The development also aims to contribute to affordable housing, which is crucial in addressing housing shortages and providing diverse living options. The transformation of the site could serve as a model for similar projects in other regions facing declining demand for office space.

What's Next?

The proposals are set to be reviewed by the Stamford Planning Board in the coming weeks. If approved, the development could proceed, leading to construction and eventual occupancy of the new residential units. Stakeholders, including local government officials, community members, and potential residents, will likely engage in discussions about the project's impact on the community, infrastructure, and local economy. The outcome of these deliberations will determine the project's future and its role in Stamford's urban development strategy.