Stamford Fairway Market building put up for sale
STAMFORD — The site of Fairway Market, in the Harbor Point neighborhood of the city’s South End, has been put up for sale.
The approximately 85,000-square-foot property at 699 Canal St., the only large supermarket in the South End, is being marketed by commercial real estate firm Cushman & Wakefield. No tenant changes appear to be planned, as the property is described as “100 percent long-term leased” to Fairway.
No asking price is mentioned in Cushman & Wakefield’s listing. The property was appraised last year at approximately $35 million, according to the Vision Appraisal property database.
Cushman & Wakefield and Building and Land Technology, the landlord of 699 Canal and developer of Harbor Point, declined to comment. Messages left for Fairway were not returned.
Opened in a then-new building in November 2010, the Stamford establishment is Fairway’s sole location in Connecticut. There are a number of other Fairway Market locations in New York City, Long Island, N.Y., and New Jersey.
Among its major deals in recent years, BLT sold five of its Harbor Point apartment buildings, for a total of nearly $400 million, in late 2016. The transaction comprised the largest property sale of the past decade in Stamford.
In the past 10 years, BLT has built about 3,000 apartments in Harbor Point. Several hundred more units are under construction.
BLT is also a major office landlord in the city. In Harbor Point, it owns buildings at 100 Washington Blvd., and 2200 Atlantic St. Other holdings include the downtown complex at 200 Elm St.-695 E. Main St., and 260 Long Ridge Road, which houses an outpatient center operated by the Yale New Haven Health system.
In addition, BLT is developing the future headquarters of Charter Communications, that is under construction at 406 Washington Blvd., next to the downtown Metro-North station.
BLT is based in the office complex that it owns at 1 Elmcroft Road, also known as Silicon Harbor, a few blocks south of Fairway Market.
Westover Magnet Elementary School classes are being held at Silicon Harbor this school year and the next, because its students and staff were displaced by mold infestation at their home building.
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