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Zoning change to help Greenwich development.

Zoning change to help Greenwich development

A zoning change, culminating a five-year struggle, has cleared the way for re-leasing of Greenwich American Centre, a vacant 600,000-square-foot Fairfield County office complex.

Thanks to a new zoning resolution passed by the Greenwich Planning & Zoning Commission, the Greenwich-American Centre corporate office park abutting I-684 now can be marketed to, and occupied by, any number of tenants and subtenants.

The previous zoning regulation, which has kept the property under-utilized since 1984 and empty since 1989, permitted only three tenants or subtenants in the four-story building, according er, the Greenwich-American Limited Partnership.

Once the home of American Can Company, now known as Primerica, the complex is the largest tax-paying entity in Greenwich, and offers the largest floorplates of any office in Westchester or Fairfield Counties.

Gordon Bunshaft of Skidmore Owings & Merrill created the award-winning design for the complex.

"When American Can relocated, it left a superb property that could not be adapted for the multi-user market because of the zoning restriction," explained Jeffrey B. Lewis, principal in owning entity.

"Since the zoning cap was lifted, many prospective tenants have expressed interest in our building. They have told us and our agent, Cushman & Wakefield, that they appreciate its convenient highway access and location, adaptable space with room to grow, secure environment and beautiful surroundings."

Citing the building's 135,000-square-foot floors, partner Paul B. Liles adds, "Greenwich-American Centre has great flexibility for tenants of all sizes, and with the town board finally reversing itself, we now can welcome offers from virtually all prospective tenants."

Located on a lush 155-acre site, which includes a 45-acre nature preserve, the prestigious property offers unrestricted views in all directions.

Among the many amenities available at Greenwich-American Centre are more than 300 private offices and/or conference rooms, a full service kitchen and cafeteria, private lakeside dining rooms, regular shuttle-bus service to local commuter rail stations, and a complete state-of-the-art new tenant-installation package.

The campus-like setting is complete with its own man-made lake, serving as a supplemental water supply for fire protection; electrical sub-stations; wells for drinking water; a sanitary-waste treatment facility; baseball fields and jogging paths.

Besides the corporate office buildings, a 16,800-square-foot guest house, built in 1930, is available at the s executive entertaining, conferences and overnight lodging. Boasting an "Agatha Christie" secret wine cellar, the 11-bedroom mansion was originally part of the Samuel Fuller estate.
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Title Annotation:Greenwich American Centre
Publication:Real Estate Weekly
Date:Feb 5, 1992
Previous Article:Owner without C of O can still sue for rent.
Next Article:Court reverses DHCR hardship policy.

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