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BLT’s core growth strategy is focused on real estate development in Connecticut, New York City, and investments with first-class partners across the United States.

Harbor Point cluster sale puts Stamford on big map

Harbor Point cluster sale puts Stamford on big map

The city that works is in the middle of a development-led evolution.

It’s a transformation that began in the South End, where Carl Kuehner and his Building and Land Technology are quickly growing the Harbor Point millennial playground — a $3.5 billion undertaking. Other developers have followed suit in recent years, with the downtown catering to a younger crowd and formerly residential neighborhoods getting urban and commercial makeovers.

Now, an acquisition of five buildings in Harbor Point, the largest real estate deal since the recession, underscores a sea change as outsiders plant firm stakes in the ground.

Manhattan firm GAIA paid nearly $400 million last week for the quintet. A transaction of that size, compared with single-building sales in the development in 2012 and 2013, signals a vote of confidence in Stamford’s future — at least for GAIA managing partner Danny Fishman.

“We are here for the long term,” Fishman said between sips of champage Thursday night at a holiday celebration at Postmark, one of his newly-acquired apartment buildings.

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