The Real Deal New York

Mixed-income project Metro Green Terrace opens in downtown Stamford

October 26, 2017 12:04PM

Metro Green Terrace, a $52.6 million development for residents with mixed income levels, opened its doors last week at 695 Atlantic Street in downtown Stamford. The project is the third phase of the Metro Green project co-developed by Jonathan Rose Cos., according to Fairfield Business Journal. The 11-story tower has 131 one- and two-bedroom units, a 1-acre private courtyard and a public plaza. Next door at 717 Atlantic Street is Metro Green Apartments, the developer’s $20 million, 50-unit affordable housing project, and the Metro Green Residences at 84 Henry Street, a $27 million, 50-unit housing complex. The properties are environmentally sustainable and feature rainwater harvesting systems and recycled building materials. Metro Green Terrace is already about 90 percent occupied according to Caroline Vary, managing director for asset management for Jonathan Rose Cos. Market-rate rentals range from $2,050 to $2,790 per month. [FBJ]