Gramercy Park

23 Vitti Street & 72 East Avenue
New Canaan, CT

ACQUIRED

February 2016 & March 2018

SQUARE FOOTAGE

28,000

TYPE OF BUILDING

Medical Office & Residential

Vitti.jpg

Located in the heart of downtown New Canaan, Cambridge Hanover purchased this half acre site in 2016 when the neighborhood was undergoing a rezoning under a master plan. Taking advantage of the new zone and the bonus density awarded for mixed-use developments, Cambridge Hanover secured approvals for construction of an 8,700 square foot medical office building and a luxury residential building with eight (8) units. In 2018, Cambridge Hanover acquired an adjacent property, expanding the residential component of the project to a total of ten (10) units, increasing the overall development of the joint 0.9 acre site to 28,000 square feet.  The residential units surround a large private garden with amenities that include a clubhouse with exercise equipment, a terrace, and an outdoor grill area.  The medical office building is currently leased to Riverside Pediatrics and Intentional Self Aesthetics.

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