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Harbor Point Gets $200M Recap

STAMFORD, CT-Norwalk-based Building and Land Technology is solely leading the development of the 80-acre mixed-use project and recapitalizing $200 million for its completion.

By Ryan Clark | Updated on September 02, 2008

STAMFORD, CT-Building and Land Technology is solely leading the development of the 80-acre mixed-use project and recapitalizing $200 million for its completion. The company, along with Lubert-Adler, are providing the expansion capital equity. Building and Land Technology is taking the lead as the project moves through its development phase, although Antares Investment Partners still remains a part of the project.

Carl Kuehner, president and CEO of Building and Land Technology, tells GlobeSt.com that the $200 million is “existing debt” for some of the vertical construction on the site–the hotel, apartment building and two office buildings. Building and Land Technology is anticipating to deliver the first building by August of 2009 and to begin leasing up the space over the next few weeks.

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