The vacant property fronting the Bedford Street parking garage has become a rare pocket of inactivity in Downtown Stamford as developers fill in the remaining gaps like puzzle pieces. Stamford-based F.D. Rich Company is seeking Zoning Board approval to build a 198-unit luxury apartment complex on the parcel, which includes an adjacent lot across Gay Street. The proposed 13-story building would include 22 studios, 100 one-bedroom units, 67 two-bedroom units and nine three-bedroom units. In accordance with the city’s Below Market Rate program requirement, the developer plans to build 18 affordable apartments on site. If approved, the developer plans to start construction in September 2023 and complete it by spring 2025, Cacace said. The city’s tax revenue from the site would increase from $40,000 annually to $1.3 million, he estimated.
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