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HARTFORDBUSINESS.COM | MARCH 24, 2025 5 Deal Watch New luxury apartment buildings that recently debuted in Stamford include (from top left, then clockwise): The Julius (354 units) at 777 Summer St.; The Smyth (414 units) at 100 Tresser Blvd.; Opus @ Harbor Point (180 units) at 900 Pacific St.; and Life Time Living (290 units) at 130 Tresser Blvd. PHOTOS | COSTAR This CT city's multifamily market has grown at a faster rate than NY, Boston metro areas quality of life Connecticut can provide, in particular lower Fairfield County, the Stamford-Norwalk metro," he said. "You've sold the big house, you want a class-A apartment in Harbor Point overlooking the water with all those nice, walkable ameni- ties, restaurants, resident services at your fingertips, a nice big park. It's hard to beat." Harbor Point is a mixed-use waterfront development on Stam- ford's South End that includes high- rise apartments, office buildings, restaurants, parks, retail spaces and marinas. Nolletti said about 7,000 of the 15,000 units built in the last decade are located in the city's central busi- ness district or Harbor Point, which was developed by Stamford-based Building and Land Technology. And, despite all the new units, the apartment occupancy rate in the city has remained strong, currently around 95%. By Michael Juliano mjuliano@hartfordbusiness.com W hile the multifamily apart- ment boom has reached nearly all corners of Connecticut in recent years, there may be no hotter market than Stamford. Connecticut's third-most populated city has added about 15,000 apart- ment units over the past decade, growing its multifamily inventory by about 56% to 40,000 units. Stamford — which has more than 136,000 residents — since 2014 has experienced a faster apartment growth rate, on a percentage basis, than the New York and Boston metro- politan areas, according to Victor Nolletti, executive managing director of commercial real estate firm Institutional Property Advisors. Driving that growth, experts say, is Stam- ford's proximity to New York City, high quality of life, and diverse base of corporate employers. "It's a highly desirable place to live," Nolletti said. "It's become a 24-7 city, so you have all the ameni- ties — arts, entertainment, dining — that you see in a large urban center." He said Stamford's multifamily market attracts people working in and around Fairfield County and New York City, but it's also a popular destina- tion for empty-nesters. "People don't realize what a high RECENTLY COMPLETED APARTMENT DEVELOPMENTS IN STAMFORD • THE SMYTH: 17-story building with 414 units and 19,000 square feet of retail space at 100 Tresser Blvd., developed by Miami-based Lennar Corp. • JULIUS: Seven-story, 354-unit complex at 777 Summer St., developed by Pennsylvania-based Toll Brothers • THE ASHER: Eight-story building, at 150 Broad St., with 228 units devel- oped by Stamford-based RMS Companies • LIFE TIME LIVING: Five-story building with 290 units, at 130 Tresser Blvd., developed by Minnesota-based Life Time • OPUS @ HARBOR POINT: 15-story building, at 900 Pacific St., with 180 units constructed in 2021 by Building and Land Technology • ANTHEM @ HARBOR POINT: 23-story building, at 2 Harbor Point Road S., with 180 units built in 2022 by Building and Land Technology Source: Institutional Property Advisors Victor Nolletti Continued on next page