Despite having all the approvals in place — on both the local and state levels — the developer for 300 Danbury Road has decided not to pursue the project, according to listing real estate broker Kevin O’Brien. The developer, the Spinnaker Group, which had been paying the taxes on the property, “decided to put it on hold,” O’Brien said, adding the owners are “hoping they would come back.” The development, known as Wilton Heights, was to include retail stores and shops with above-street-level residential apartments on 7.4 acres. “It’s not a great environment for construction. The prices of materials have gone through the roof,” O’Brien said. “We’re all set to go. Now we’re in the process of finding a new buyer.”
https://www.stamfordadvocate.com/news/article/Wilton-Heights-project-seeks-new-developer-15798379.php