Stamford, Conn. - AUGUST 27, 2018 - Governor Dannel Malloy, Stamford Mayor David Martin and executives from Berkshire Group, a vertically integrated residential real estate investment and property management company with over 50 years of experience, and Trinity Financial, a community-driven, diverse real estate development firm with a proven-track record of redeveloping complex urban sites from New York to Greater Boston, today joined with the community to celebrate the official opening of Vela on the Park, Stamford’s newest luxury residential property.
“Stamford’s—and by extension Connecticut’s—momentum is undeniable,” Governor Malloy said. “Companies continue to move to the region and people are following. This new development proves that Stamford continues to be not only an attractive place for people to work, but also a place to call home.”
Vela on the Park is in downtown Stamford, conveniently located at the top of Restaurant Row. The building is steps away from dining and entertainment and sits on the edge of Mill River Park and Columbus Park. The new development is the result of a public private partnership that Trinity undertook with the City of Stamford to revitalize formerly vacant parcels in the City’s downtown. It is directly across the street from the revitalized Mill River Park and Greenway that is undergoing a transformation into a dynamic and sustainable green space providing natural and recreational opportunities.
"It has been great to work on another successful project with Trinity. Vela on the Park is an exciting addition to the Downtown neighborhood, with an unrivaled location to restaurants, nightlife, and Mill River Park. Without support of this project by the Urban Redevelopment Commission the revitalization of the Mill River Park, a project like this one may never have happened. Kudos to everyone involved." said Mayor David Martin.
The building features studio, one and two-bedroom apartment homes and is located a short eight-minute walk from Stamford’s Metro North and Amtrak station. Construction commenced in January 2016. Today, Vela on the Park features 209 luxury apartment homes and offers residents boutique hotel-inspired service and convenience. Amenities include a 19th floor roof deck with private dining space, cutting edge health and wellness facilities, pet amenities, arcade room and unprecedented park views.
“We are thrilled to join the Governor, Mayor and the local community to celebrate Vela on the Park and welcome our new residents into our building,” said Abby Goldenfarb, Vice President at Trinity Financial. “Vela on the Park offers unparalleled design and a number of exceptional amenities, all while being just steps away from the cultural and retail offerings of downtown Stamford.”
“Providing construction funding for Vela on the Park is one of the ways that Citizens’ Commercial Real Estate team is helping great clients such as Berkshire Group and Trinity Financial and strengthening communities,” said Lisa Maass, president, Citizens Bank, Connecticut. “This successful project highlights Citizens’ commitment to helping our clients reach their potential.”
“We are delighted to open Vela on the Park here in Stamford,” says Heather Boujoulian, Senior Vice President of Multifamily Development Investments at Berkshire Group. “Vela on the Park’s downtown location will provide our residents with access to state-of-the-art amenities and services at home while a vibrant city sits just outside their doors. We look forward to watching Stamford continue to evolve into an innovative and diverse place to live and work, and are honored to now be part of the community.”
Trinity Financial utilized its experience in creating successful market rate luxury living spaces to develop a unique and desirable residential community at Vela on the Park. Among the luxury communities Trinity Financial has developed include One Canal, Avenir and Boston East buildings in Boston, Mass; 66 Summer Street in Stamford, Conn; Treadmark condominiums in Boston, Mass and Foundry Square condominiums in Newburyport, Mass.
For more information, or to schedule a tour, please visit VelaonthePark.com.