Two vacant Connecticut offices will become 286 apartments in $120m conversion

A pair of vacant office buildings in Connecticut have been acquired for redevelopment as multifamily housing. In a joint venture between developers Saber-Hightower LLC and Granoff Real Estate, 101 and 201 Merritt 7, in the Merritt 7 office park in the New York City suburb of Norwalk, Connecticut, will be the sites of the project. While the acquisition price was not publicly disclosed, the project is budgeted at $120 million, according to a report by WRE News.The two buildings are eight-storeys long and encompass 511,000 square feet with more than 1,300 parking spaces. They will be transformed into 286 loft-style apartments, with the first units expected to be available as soon as 2027. Among these, 26 units will be designated affordable under Norwalk's inclusionary requirements. The unit mix comprises 42 studios, 167 one-bedrooms, and 77 two-bedrooms, averaging 983 square feet.