I have enjoyed watching the progress of the new Trump Parc building being built downtown. I am always amazed at the speed at which they can build a building this large. However, am I baffled as to how there is a market for this type of residence in downtown Stamford. The web site claims that condo’s start at $670k for an 1100sq ft residence which means two or three bedroom residences are probably easily over a million. For that price you could have a large North Stamford residence or buy a slightly smaller apartment in NYC. I do understand the allure for some people to live in a maintenance free residence without a yard and to be close to town. Yet, Stamford’s downtown is too lame to spend a million dollars to be able to walk to Target and SBC. Are people just betting that the Downtown commercial market is really going to take off and attract the high end clients who would buy here?

I think this place is only going to attract old retired people who no longer want a yard, garage, etc and want to stay in the area near their grown up kids.

Anyone know how many units have sold thus far? Have they been dropping their prices?

Does anyone know what happened to the Twin Lakes Swim and Tennis Club in North Stamford? The club appears to be totally abandoned for over a year. I can find no mention of it being for sale online and their website does not work.

The club used to house indoor and outdoor clay tennis courts and two pools. I was never a member but I recall someone saying it was something like $1800 per person per year, plus initiation costs. Sounds kinda steep just for the privileges of using a pool…especially with the ocean nearby. Anyway, I was curious what the owners of this property intend to do with it.

Extry! Extry! Read all about it! UBS selling its share of the Stamford Town Center!
http://www.stamfordadvocate.com/ci_8887253

I heard they were upset that STC didn’t have a Spencer’s store. Either that or they needed the cash after that little subprime mess.

Since my main source of Stamford news comes from The Stamford Advocate, I was glad to see they just redesigned their web site. Their old site was atrocious and was probably built when the internet was first born. My only complaint about the new site is that they chose one of the most obtrousive ad banners around…the kind that pops up right in front of the home page and forces you to click “close”. Unfortunately pop-up blockers do nothing to prevent these annoying ads. Why spend all this money to build a more user friendly site only to deface it with an ad like that?

My favorite story today from the Advocate? This one about how the wonderful state I live in decides to raise gas taxes even further. I think we already pay more than people in Hawaii.