Westchester & Fairfield Cheat Sheet: Home sales are up by 12.7% in Connecticut, Ardsley chemical plant sells to environmental liability firm for $1.85M … & more

Aug.August 31, 2017 06:20 PM

Clockwise from left: A rendering of Davenport Landing in Stamford, a Connecticut home, Dutch firm Akzo Nobel.

Single-family home sales are on the rise in Connecticut
Home sales increased by 12.7 percent in Connecticut from July 2016 to July 2017, according to data from real estate and financial information firm the Warren Group. Statewide, 3,641 homes were sold this past July. The median price of single-family homes also increased about 2.7 percent: from $260,000 in July 2016 to $270,000 in July 2017. [FBJ]

Greenwich home sales declined in July, but remain steady overall
Meanwhile, one pocket of the Connecticut market had a less-than-robust month. Home sales during July decreased slightly in Greenwich, but 20 homes sold last month went for between $1 million and $2 million, and more than 10 homes sold for between $3 million and $5 million, according to a report by Douglas Elliman. Overall the market is steady, Douglas Elliman chief operating officer Scott Durkin said. “The market is no longer seasonal but based on need. The world is a multitasker where you never have to wait for things. People are always keeping an eye on the market and jumping in when they see something they want,” Durkin told the CT Post. [CTPost]

The 11-acre Ardsley site of former chemical plant sells for $1.85M
The former site of the Dutch-owned Akzo Nobel chemical plant near Ardsley recently sold for $1.85 million to Environmental Liability Transfer, the Westchester Business Journal reported. The new owner is a St. Louis-based assumption firm for environment liability. Parts of the site have already been redeveloped to accommodate retail spaces including Chauncey Square and Rivertowns Square. Environmental Liability Transfer plans to restore the contaminated area, where plans for an apartment complex were hotly contested, and eventually withdrawn, last year. [WBJ]

Houlihan Lawrence and Berkshire Hathaway Homeservices broker industrial building sale
An 8,400-square-foot industrial building in Wappingers Falls at 1418 Route 9D has sold for $1.125 million. Houlihan Lawrence Commercial Group represented the seller, Granite Construction Northeast — one of four companies that make up Tappan Zee Constructors LLC, which is rebuilding the bridge. Berkshire Hathaway HomeServices Hudson Valley Properties represented the buyer, Duchess-county based Roger Realty, the Westchester Business Journal first reported. Berkshire Hathaway HomeServices acquired Houlihan Lawrence earlier this year. [WBJ]

Environmental opponent wages another lawsuit against Davenport Landing project
The $27.9 million mixed-use Davenport Landing project at Harbor Point in Stamford will be back in court again, continuing about five years of legal action with the city over demolition of a boatyard. An environmental group has brought suit against Stamford-based developer Building and Land Technology regarding the 25,7oo-square-foot boatyard and the 218-unit apartment complex which together sit on 4.4 acres. Norwalk-based nonprofit Soundkeeper alleged in the lawsuit that the city violated the state’s Coastal Area Management Act and the city’s zoning regulations in allowing the project to proceed. Davenport Landing is set for completion in 2018. [FBJ]

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