Point of Interest: Old Stamford GE building to become senior housing
Once offices for Waldenbooks then General Electric, this vacant office building just north of Bull’s Head will soon be partially razed and replaced with a four-story senior living home.
Plans unanimously approved by the Zoning Board this week make way for the demolition of nearly 120,000 square feet of commercial space — roughly the northern half of the building — for 150 units for the elderly.
The proposal, brought by developer Steven Wise, was lauded by Economic Development Director Thomas Madden as a great re-use of some of the vacant office space that plagues the city. “We look at redevelopment of these office parks very, very seriously,” he said.
According to the city’s most recent economic development report, Stamford’s commercial vacancy rate is 33.7 percent. Empty buildings in suburban office parks play an outsized role in bringing the rate up, Madden has said. “The more we can get off our books, the better our vacancy rates,” he said.
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