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YMCA Sells Portion for Hotel Redo

STAMFORD, CT-The YMCA at 909 Washington Blvd. is selling off the eight-story attached tower, which will be repositioned as a hotel. The sale allows the center to reopen.

By Ryan Clark | Updated on November 14, 2008

STAMFORD, CT-The local YMCA at 909 Washington Blvd. is selling off an attached portion of its building to RMS Construction & Apex Hospitalities. The buyer is planning to reposition the eight-story tower into a 99-room hotel. CB Richard Ellis’ Westchester/Fairfield Private Client Group (PCG) advised and arranged the sale.

The adjoining buildings will be separated into two condominiums with separate entrances. The two-story, 40,000-square-foot YMCA side will open its doors as a renovated community facility, while the other building will become a hotel.

The YMCA had closed down at the beginning of 2008 in January, due to monetary constraints. The repositioning and sale of part of their building–for $4.65 million–allows the community center to reopen in the same location. The YMCA will gain a new façade, as the buyer has agreed, as part of the sale, to re-face the YMCA while it redevelops the other portion of the building in a hotel.

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