Stamford apartment complexes sold for $41.3M, touch-a-truck event planned and more


KABR Group has purchased 750 Summer St. and 163 Franklin St., for $41.3 million, acquiring two boutique, mid-rise, luxury multi-housing communities totaling 116 units.

Formerly known as The Verano and The Moderne, respectively, in addition to a re-branding, both are expected to receive significant upgrades to the common areas and amenities, the company said.

“This is a continuation of our strategy to purchase additional assets in Fairfield County transit cities. The work from home trend and dynamic nature of Fairfield’s economy have made rentals there an increasingly attractive living choice,” said Ken Pasternak, CEO and chairman of KABR Group.

The two apartment complexes feature one-, two- and three-bedroom units. Community amenities include large movie theater screening rooms and covered garage parking.

JLL represented the seller, Navarino Capital Management LLC. KABR Group acquired the asset in a joint venture with a private family office and secured debt from Greystone and Co. The JLL Capital Markets Sales and Advisory team representing the seller was led by Steve Simonelli, Jose Cruz, Steve Rutman, Chris Hew, Michael Oliver, Kevin O’Hearn and Austin Pierce.

Touch A Truck in Stamford Downtown

Stamford Downtown is hosting a Touch-A-Truck Event in Veterans Memorial Park, 130 Atlantic St., from 10 a.m. to noon April 14.

The event, which is being held in conjunction with various city departments, is free and will be held during the school spring break.

Touch A Truck is a family-friendly event designed to allow children to explore, climb and touch vehicles of all shapes and sizes. The Stamford Fire Department, Stamford Police Department, Stamford Emergency Services, and Stamford Operations Department will bring vehicles featuring emergency and rescue vehicles as well as other city vehicles.

Take it or Leave it Shop/Book Swap

With the anticipation of nicer weather and a reduction of COVID spreading, the city reopened its Take it or Leave it Shop and the Book Swap.

The Take it or Leave it Shop is open at the Katrina Mygatt Recycling Center, 130 Magee Ave., for residents to drop off or pick up slightly used items.

Volunteers come into the shop and keep the items organized and clean. Toys, furniture, movies, tools and knickknacks are there for those who need or want them. The city, which advertises the shop on its website, suggests, “People … always come in to donate, to pick up and even to look around because why not? Who knows what incredible things you can find there.”

For those who enjoy reading, the free Book Swap is also located at the Katrina Mygatt Recycling Center. Hundreds of books, of many different genres, are available for people to look at and take to read. With volunteers there to help, the process is very simple to pick up or donate books to the shop, the city says.

Hours for the TOL are 11 a.m. to 1 p.m. Tuesdays and Fridays. For the Book Swap, it’s 11 a.m. to 1 p.m. Fridays and Saturdays.

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