Stamford apartment boom shows no signs of slowing
STAMFORD — The city keeps building — and selling — apartment towers.
The $90 million sale last month of the approximately 240-unit Infinity property in the South End’s Harbor Point development marked the latest in a series of eight- and nine-figure deals in recent years. Those transactions highlight investor and tenant confidence in a segment of the housing market that is driving population growth and also expanding the base of potential buyers for single-family homes.
“Harbor Point is like a city within a city — and those buildings are filling up as fast as they build them,” said Tammy Felenstein, Stamford-based executive director of sales for real estate brokerage Halstead. “We’re seeing no signs of a tapering off in demand for apartment living.”
Original source and date: Stamford Advocate, January 4, 2019