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.”

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Original source and date: Stamford Advocate, January 4, 2019