A prominent developer is seeking to revise plans for an approved waterfront mixed-use project in Norwalk, proposing to replace one of two planned office buildings with a 130-room hotel. Norwalk-based Spinnaker Real Estate Partners received city approval in early September for a development on a 2.72-acre property that includes a 59-unit, five-story apartment building, two 4.5-story office buildings totaling 83,000 square feet, boat slips, a boardwalk and a ground-floor restaurant. In an updated application filed Thursday, Spinnaker is asking for permission to build a four-story, 130-room hotel with a ground-floor restaurant in place of the planned roughly 54,000-square-foot office building on the south side of the site. A smaller, 28,800-square-foot office building on the north side would remain. Spinnaker said it changed course because it is unlikely it can lease 83,000 square feet of office space “in a commercially reasonable period,” and lenders are hesitant to provide financing due to vacancy risks.
Spinnaker pivots from office space to hotel in Norwalk waterfront mixed-use project
