The Real Deal New York

Lennar scores approval for Stamford luxury apartment project

May 17, 2018 02:13PM

A 16-story luxury apartment development will replace a cylindrical tower across from city hall in Stamford, the Stamford Advocate reported. Members of the zoning board unanimously approved the project from Miami-based developer Lennar, the largest homebuilder in the U.S. The building currently on the site, St. John Tower A, has been vacant for three years and is set to come down in the fall. Lennar was able to avoid affordable housing requirements for the project by paying $4.3 million to the current owner that structure and nearby towers B and C. The remaining two towers contain 240 affordable housing units and the payment will go towards their refurbishment, a St. John rep said. [Stamford Advocate]