REBusinessOnline

PORTION OF YMCA SOLD FOR HOTEL DEVELOPMENT

STAMFORD, CONN. — The Westchester/Fairfield Private Client Group of CB Richard Ellis (CBRE) has brokered the sale of a portion of the YMCA building located at 909 Washington Blvd. in Stamford. The two-story building was split into two units concurrent to the sale; approximately 40,000 square feet of the building will remain under the ownership of the Stamford YMCA, which will renovate the space to include a gym, a pool, a fitness center, child care facilities and administration offices. The other unit was acquired by locally based RMS Construction and North Brunswick, N.J.-based Apex Hospitalities, which plan to convert it into a 99-room hotel. The sale transaction was negotiated by Al Mirin, Silvia Pogosyan and Susanne Dengenis of CBRE.

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