First Residential Building Now 100% Leased
Federal Realty Investment Trust (NYSE: FRT) today announced that the first phase of residential is now 100% leased and move-ins have begun in the second building at Darien Commons. Currently, Solidcore, Choice Pet and OVME are now open with sweetgreen expected to begin serving customers by the end of the month. New retail leases have been signed with Sur La Table, Hammer & Nails and Chip City. Overall, the development includes 75,000 square feet of new retail space along with 122 luxury apartments.
WHAT’S NEW and expected to open this year:
- Sur La Table, the leading retail destination for those passionate about cooking and entertaining, aims to open in 5,529 SF
- Hammer & Nails, a luxury men’s grooming shop, will open its second Connecticut location in a 2,609 SF space
- Chip City, a New York-based cookie bakery with a cult following, will open their second Connecticut location in a 1,373 SF shop
Previously announced confirmed tenants include best-in-class dining, takeout, wellness, beauty, and retail such as Gregory’s, Molto, Naya, One Medical, Salt + Sweat, Seamore’s, Van Leeuwen and Warby Parker.
“The property construction phase at Darien Commons is now complete and we are very pleased with reactions from residents, neighbors and our retail partners,” said Patrick McMahon, Senior Vice President, Development for Federal Realty. “The interest in the residential offering has been strong, and we expect to be fully leased by June. As retailers begin opening, we can feel a terrific community energy starting to build.”
Darien Commons provides immediate access to I-95 and is just steps from the Metro-North rail line to New York City. The project creates an appealing opportunity for like-minded retailers to locate alongside each other, and enhanced convenience for future apartment residents. Abundant on-site surface parking makes the retail easily accessible and shopping more convenient.
Darien Commons also features a brand-new 12,000 square foot Walgreens and a recently renovated Equinox fitness club.
For more information on retail leasing, contact Vanessa Mendoza at301-998-8218 or vmendoza@federalrealty.com. For more information on residential leasing or to schedule a tour, visit www.dariencommons.com or email Dariencommons@greystar.com
About Darien Commons
Darien Commons is located in affluent and densely populated Fairfield County, CT and features a mix of national and local retail and dining options and 122 new apartment homes across from the Noroton Heights Metro-North station. On-site retail includes national powerhouses such as Equinox and Walgreens alongside regional and local favorites such as Gregorys, Van Leeuwen, Seamore’s seafood restaurant, Naya Mediterranean cuisine and Molto, an Italian eatery. The Darien Commons’ homes offer sophisticated, modern design and thoughtful amenities, including a curated lending library of must-have items. The residences offer a highly convenient experience for its residents and visitors, including secure, below-grade parking and easy highway access. When complete, Darien Commons will feature over 110K+ square feet of retail and 122 apartment homes
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 103 properties include approximately 3,300 tenants, in 26 million square feet, and approximately 3,000 residential units.
Federal Realty has increased its quarterly dividends to its shareholders for 55 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.
