Bozzuto, Kimco Close on JV for Wilton Mixed-Use Project
Bozzuto and Kimco Realty have closed on a joint venture to develop a mixed-use community in Wilton, CT. The project will bring 168 apartment residences and approximately 11,000 square feet of ground-floor retail to a 5.62-acre site within the Kimco Wilton Office Campus along River Road, advancing the redevelopment of an existing office property in Fairfield County.
The third JV between Bozzuto and Kimco, the development is immediately adjacent to Kimco’s Wilton River Park Shopping Center. The site is also directly across from Schenck’s Island Park and the Norwalk River Valley Trail and approximately a mile from Wilton’s Metro-North train station.
“Wilton is our value-creation flywheel in action,” said Conor Flynn, CEO of Kimco Realty. “By unlocking the highest and best use of land we already own, next to our Stop & Shop-anchored Wilton River Park center, we create lasting value and strengthen a grocery-anchored neighborhood shopping center our shoppers rely on every day. Bozzuto’s residential expertise makes them an ideal partner to bring this vision to life.”
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout