Located in the vibrant heart of downtown Stamford, Connecticut, 66 Summer Street represents a landmark mixed-use development that has revitalized a key urban area. Trinity Financial’s Park Square West Phase II project successfully transformed a long-dormant Urban Renewal Area into a thriving residential and retail hub, fulfilling the City of Stamford’s vision for urban renewal. This impressive 15-story building offers 209 luxury apartment units and 6,800 square feet of street-level retail space, creating a dynamic and convenient living experience.
The development of 66 Summer Street was a testament to effective collaboration. Trinity Financial worked closely with Stamford municipal administrators and various stakeholders, navigating land use, zoning, and financing approvals with remarkable speed. This efficient process allowed Trinity to acquire development rights from a previous developer and swiftly move towards financial closing and the commencement of construction. The project’s financing, totaling $66 million, was secured through a consortium of reputable institutions including TD Bank, The Davis Companies, the City of Stamford, and the Stamford Urban Redevelopment Corporation (URC), along with private equity contributions.
Residents of 66 Summer Street enjoy access to an array of top-tier amenities designed for modern urban living. These include a stylish resident lounge, a community room perfect for gatherings, and a state-of-the-art fitness center. The rooftop deck provides a stunning outdoor space with panoramic city views. Complementing the residential offerings, the 6,800 square feet of street-level retail space enhances the neighborhood’s vibrancy and provides convenient access to shops and services. To further enhance resident convenience, a five-story structured parking garage is situated adjacent to the building.
The location of 66 Summer Street is a significant draw. Situated in downtown Stamford, residents are immersed in a lively neighborhood brimming with retail stores and diverse entertainment options, all within easy walking distance. This prime location appeals to a broad demographic, from students of the nearby University of Connecticut’s Stamford Campus to empty-nesters and professionals seeking an alternative to the bustle of New York City. For commuters, the Stamford Transportation Center is just a convenient 10-minute walk away, providing direct train access to Manhattan in approximately 45 minutes.
66 Summer Street stands as a successful example of mixed-use development, injecting new life into downtown Stamford. Completed in 2015 with a total development cost of $73 million, this project offers 209 rental apartments and 6,800 square feet of retail space, solidifying its position as a premier residential destination in Stamford, CT.
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Project Highlights:
- Type: Mixed-Use Development
- Total Development Cost: $73 Million
- Units: 209 Rental Apartments, 6,800 sq ft Retail
- Completed: 2015
