Search
 

GlobeSt.com EXCLUSIVE: Davis Cos. Plans 225,000-SF Expansion to Danbury Rd. Complex

NEW YORK CITY-The Boston developer is negotiating with an anchor tenant for a two-building expansion to its 50 Danbury Rd. office complex. The site is approved for development of up to 200,000 sf and Davis has applied for permission to up that total to 225,000 feet.

By Glen Thompson | Updated on September 23, 2002

NEW YORK CITY-Boston based the Davis Cos. is moving forward with plans to build two additional office buildings on its 33-acre office complex at 50 Danbury Rd. in Wilton, CT. The firm just closed on a $38-million refi secured by a 219,041-sf class A office asset at the property. The condominium-style loan, arranged by Prudential Mortgage Capital Co., is structured to allow Davis Cos. the flexibility to develop vacant land at the site.

The 33-acre Danbury Road property consists of two office buildings along with along with vacant land approved for development of up to 200,000 sf. Davis Cos. has applied to the town of Wilton for approval to develop an additional 25,000 sf on the site.

According to Davis Cos. senior vice president and director of Connecticut operations David Fiori, the firm hopes to build two additional office buildings on the property. One structure would be roughly 75,000 sf, while the other would range from 125 to 150 sf, Fiori tells GlobeSt.com.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.