Development—Stamford, Connecticut

Metro Green Terrace

Metro Green Terrace consists of 131 apartment units in an eleven-story building. The site is located in a Smart Growth neighborhood, one block from the Stamford Train Station and within walking distance of downtown Stamford's business district, entertainment, and shopping. Apartments are available in a range of prices including 58 apartments available at market rates, 43 apartments available to households earning at or below 60% of AMI and 30 apartments available to households earning at or below 50% of AMI.  Amenities include a fitness center, a wi-fi lounge, a rooftop terrace and a rooftop clubroom with a fireplace and wetbar.
 
Metro Green Terrace is the third phase of a 231-unit mixed-income development completed over the past 10 years by the partnership of Jonathan Rose Companies and Malkin Holdings.  At present, Metro Green Residential consists of 100 units of mixed-income housing completed in two phases in 2009 and 2011. Metro Green Terrace will seek to achieve a LEED Gold for Homes Certification and will contribute to the overall site's LEED Neighborhood Development "Gold" certification.  Metro Green Terrace will also complete the site's private one-acre courtyard with additional landscaping and seating areas, a playground, and a community garden.  Upon completion of Metro Green Terrace, the entire Metro Green Residential development will include a vibrant mix of income levels and rents, ranging from 25% of Area Median Income to market, and a total of 163 affordable units. 
 
Metro Green Terrace was developed with funds from the State of Connecticut, the Connecticut Housing Finance Authority, the City of Stamford, U.S. Department of HUD, Citibank, and First Sterling Financial.

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Project Profile

New Construction of 131 mixed-income residential unit / 302 parking spaces / 46,578 SF of open space for residents

Project Team
Architect:
Perkins Eastman Architect
Landscape Architect:
Weintraub Diaz
Contractor:
AP Construction
Project Status

Completion: 2017

Total Project Size / Budget
235,561 SF
$52.6M
Total Units
131 Mixed-Income Units