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HARTFORDBUSINESS.COM | JULY 27, 2026 9 DE AL WATCH | BUYERS & SELLERS © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing ™ is a division of BlueScope Buildings North America, Inc. With vision and planning we will guide you in defining your project using a balance of goals, budget and timeline, presenting "Building Ideas that Work" for you. www.borghesibuilding.com | 860.482.7613 2155 East Main Street, Torrington, CT 06790 Stamford sees $371M in luxury apartment sales S tamford's luxury multifamily market recently recorded two major deals totaling $371 million, underscoring continued investor demand for high-end apartment properties in the city. The larger deal closed July 2, when Manhattan-based real estate investment firm Pantzer acquired The Point Stamford, a 641-unit luxury apartment community at 1 Greyrock Place, from New Jersey- based developer Urby for $221 million. The property includes two buildings completed in 2019 and 2023 totaling more than 492,000 square feet. Less than two weeks earlier, another prominent Manhattan real estate firm, Rudin, paid $150 million for the 240-unit Beacon Harbor Point apartment complex at 1 Harbor Point Road. Stamford developer Building and Land Technology sold the waterfront property, which includes two residential towers overlooking Long Island Sound. The acquisition was financed with a $97.5 million mortgage from JPMorgan Chase. The Point Stamford, a 641-unit apartment complex at 1 Greyrock Place in downtown Stamford. Contributed | Photo HARTFORD Hartford is proposing a 15-year tax-fixing agreement to support the $18.75 million Edge 400 affordable housing development planned on the former Apple Xtreme Cinema property in the city's Parkville neighborhood. The project calls for two mixed-use buildings at 332 and 344 New Park Ave., with 125 affordable apartments, ground-floor retail space and resident amenities. Sixty-four apartments would be affordable to households earning between 30% and 80% of the area median income, while the remaining 61 units would serve households earning between 50% and 80% of AMI. Entities connected to Dakota Part- ners CEO Marc Daigle have proposed the development. MANCHESTER A Brooklyn, New York-based devel- oper is planning to convert part of Manchester's historic Cheney Brothers silk mill complex into apartments. Spectra Construction & Develop- ment Corp. has applied to redevelop the roughly 30,000-square-foot Clark Building at 160 Hartford Road into 40 apartments. The firm purchased the property for $1.7 million in June. Farmington-based Schadler Selnau Associates is designing the project, which requires inland wetlands approval before it can move forward. SOUTH WINDSOR A South Windsor medical office building has sold for $1.4 million. 3R Realty LLC, controlled by Rahul Sharma and Rekha Joshi, purchased the 10,050-square-foot property at 22 Morgan Farms Drive from 22 Morgan Farms LLC in June. Sharma, founder of RS Dental CPA, said he plans to relocate his accounting firm's headquarters to the building while continuing to operate it as a medical and dental office property. The seller, controlled by Ahron Rosengarten, bought the property in 2022 for $1.1 million. NEWTOWN A state Superior Court judge has approved a settlement allowing New York-based Vessel Technologies to move forward with a 120-unit apart- ment development in Newtown, resolving the developer's appeal of the town's project denial. The development, planned for a 5.2-acre site at 4 Berkshire Road and 22 Oakview Road, was reduced from 136 units as part of the agreement. Vessel also agreed to fund $350,000 in sidewalk and trail improvements. Construction cannot begin until Aquarion Water Co. provides an unconditional commitment for water service.