Residential Leasing Launches at Darien Commons

Transit-Oriented Destination Boasts Convenience, Quality and Stylish Living 

Federal Realty Investment Trust (NYSE: FRT) today announced the limited release of the first 25 residential homes for lease at Darien Commons in Darien, CT. The new-construction development dramatically increases the rental housing options in highly desirable Darien and has generated strong interest. The 122 luxury apartments, above an array of new-to-market retailers and services and within steps of the Noroton Heights Metro-North train station, are slated for move-ins beginning this summer.

“The homes here at Darien Commons answer a pent-up demand for high-quality, new construction rentals with convenient regional access,” said Patrick McMahon, Senior Vice President, Regional Development for Federal. “The combination of thoughtful design with a variety of dining, services and experiences on the ground-level will appeal to existing Darienites and those looking to move to this charming seaside town.”

The Darien Commons residences offer sophisticated and classic design in 1BR and 2 BR units. Kitchens and baths feature quartz countertops and shaker cabinets alongside GE appliances and gas ranges, showers with glass enclosures, and in-home washers and dryers.  All include ELFA customizable walk-in closets and contemporary wood-style floors. Select homes boast upgrades such as private courtyard terraces and balconies and double sink vanities.

Beyond the homes, residents can also access an intimate resident-only courtyard retreat, a fireside lounge, a communal dining area with entertaining kitchen and beer tap and an on-site gym.  A convenient guest suite will be available to rent to accommodate residents with visiting family and friends.

The entire development is designed to highlight thoughtful amenities, including a curated lending library of must-have items to help residents have fun, get fit, and be well-equipped for whatever adventures they might desire. Available items will include a toolbox, board games, small kitchen appliances, MINI Big Green Egg, Yeti coolers and other outdoor accessories to enjoy.

The apartment homes provide a highly convenient experience for residents and visitors, including resident-only below-grade parking and easy highway access.  On-site dining and retail are just downstairs including grab and go dining options Gregorys Coffee, Oath Pizza, sweetgreen, Naya, and Van Leeuwen, full-service experiences including Seamore’s, Tartinery and Molto Pizza, beauty and fitness favorites Equinox, Solidcore and Glosslab, as well as convenience retailer Walgreens.  Several additional retailers will be announced in the coming months adding to the impressive line-up of offerings.

Renderings of the homes and amenities can be found here.  For more information or to sign up for alerts, visit www.dariencommons.com or email Dariencommons@greystar.comVisits can also be scheduled at the leasing office at 40 Heights Road, Ste. 203, Darien, CT or by calling 203-621-0808.

For more information on retail leasing, contact Vanessa Mendoza at 301.998.8218 or vmendoza@federalrealty.com.

About Darien Commons 

Darien Commons is located in affluent and densely populated Fairfield County, CT and is currently anchored by Equinox and Walgreens.  Redevelopment plans for a new neighborhood are underway with locally inspired architecture and pedestrian-friendly connections to engage the community and serve as a downtown for the Noroton Heights district.  Darien Commons will feature a mix of national and local retail and dining options, including Glosslab, Gregorys Coffee, Molto Pizza, Naya, Oath Pizza, Seamore’s, Solidcore, sweetgreen, Tartinery and Van Leeuwen; and 122 new apartment homes across from the Noroton Heights Metro-North station.

About Federal Realty 

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 106 properties include approximately 3,100 tenants, in 25 million square feet, and approximately 3,200 residential units.

Federal Realty has increased its quarterly dividends to its shareholders for 54 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.