NEW YORK (April 19 2018)— Today, RXR Realty hosted a grand opening for the first phase of their luxury residential development, Atlantic Station, in Downtown Stamford, CT. Atlantic Station is a two-phase project offering a combination of high-quality luxury residential living and dynamic retail. In a coveted urban atmosphere with excellent transit accessibility, phase one of Atlantic Station is an all glass, 26-story tower, containing 325 residential units and 15,985 NRSF of retail, with panoramic views across Long Island Sound and to New York City.
In attendance were Stamford Mayor David Martin, and executives from RXR Realty, Cappelli Organization, Greystar Real Estate Partners, and Hello Alfred.
“With the opening of Atlantic Station, we at RXR, together with our partners at the Cappelli Organization, are making our mark on the growing skyline of Stamford’s vibrant downtown,” said Scott Rechler, Chairman and CEO at RXR. “Atlantic Station, with a location just two blocks from the train station, is a building that will be attractive to everyone from young professionals to empty nesters. We are proud to add Atlantic Station to our portfolio of well-placed, transit-oriented development projects that provide affordable and attractive living options in the many diverse and walkable communities across the New York region.”
The ultra-modern rentals are made up of studios, one and two-bedroom apartments, ranging from 490 to 1,290 SF, all with 9’0” ceiling heights and luxury high-end finishes and amenities. Unit amenities include walk-in closets, European cabinets and stainless steel-appliances, stone counter tops with full-height back splash, hardwood flooring, rain shower heads in glass enclosed showers, porcelain tile showers and baths, and full size in-unit washers/dryers.
Building amenities include over 300 indoor parking spots equipped with electric car chargers, heated indoor pool, fitness center, dog spa, game and billiards room, screening room, chef’s kitchen and event space, resident lounge, and a 13,300 SF sky terrace with outdoor amenities. Roll-up doors allow the indoor pool to become part of the outdoor space, a gas barbeque area, game tables and outdoor TV’s with Wi-Fi throughout.
Atlantic Station also boasts 24-hour concierge service and is the first and only building in the state of Connecticut to offer Hello Alfred in-home concierge services. Hello Alfred offers tenants a dedicated assistant for services including but not limited to move-in assistance, in-home cleaning, package delivery and shipping, dry cleaning pickup and grocery shopping.
“We’ve always respected Scott and the team at RXR, so we jumped at the opportunity to work with them with their Atlantic Station property,” said Jessica Beck, Co-Founder & COO of Hello Alfred. “Their commitment to quality and service is clear to see in all their projects, and we couldn’t have thought of a better partner to launch the Connecticut market with. They understand where the industry is headed and have shown they’re not afraid to be the first mover.”
The property is conveniently located just two blocks from I-95 and the Stamford Transportation Center, serviced by Amtrak, Metro North, and CT Transit, offering express service to Midtown Manhattan. With its prime location in the heart of Downtown Stamford, Atlantic Station offers residents convenient pedestrian access to a range of dining, retail and entertainment options.
“We are very excited and proud to have partnered with RXR on the development of Atlantic Station which we believe can be a key catalyst in the connection between downtown and the South End where so much of the residential development in Stamford has been focused for the past several years,” said Louis R. Cappelli, Chairman and CEO at Cappelli Organization. “Based on our proximity to both the train station and the downtown, we believe that Atlantic Station will be attractive to a broad profile of renters.”
Atlantic Station is part of RXR’s Public/Private Partnership strategy to develop quality and affordable housing in transit-oriented developments within close proximity to Manhattan. In addition to Stamford, RXR currently has approximately 3,000 units in its development pipeline, with projects in Brooklyn, Yonkers, New Rochelle and on Long Island.
RXR Realty LLC (“RXR”), a New York-based, vertically integrated real estate operating and development company with expertise in a wide array of value creation activities, including distressed investments, uncovering value in complex transactions, structured finance investments and real estate development. RXR’s core growth strategy is focused on New York City and the surrounding region. The RXR platform manages 72 commercial real estate properties and investments with an aggregate gross asset value of approximately $17.7 billion, comprising approximately 23.1 million square feet of commercial operating properties and approximately 6,300 multi-family and for sale units in various stages of development in the New York Metropolitan area.
The RXR platform manages 71 commercial real estate properties and investments with an aggregate gross asset value of approximately $20.5 billion, comprising approximately 31.4 million square feet of commercial properties, inclusive of approximately 6.0 million square feet of buildings securing debt and preferred equity investments, a multi-family residential portfolio of approximately 2,500 units under operation or development, and control of development rights for an additional approximately 3,700 multi-family and for sale units in the New York Metropolitan area as of June 30, 2019. Gross asset value compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.