Developer Buys Stamford Waterfront Property To Build A New Boatyard

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Building and Land Technology has purchased a 5-acre site at 28 Southfield Ave. in Stamford that it hopes to build as a boatyard.
Building and Land Technology has purchased a 5-acre site at 28 Southfield Ave. in Stamford that it hopes to build as a boatyard. Photo Credit: Frank MacEachern

STAMFORD, Conn. -- Stamford Mayor David Martin welcomed the news that Building and Land Technology has purchased a 5-acre site in Stamford that may see a boatyard in operation at 28 Southfield Ave. as early as next year.

The area is known as the Petro site, named for the former fuel business that once existed there.

Martin said one of his main goals was to restore a “first-class boatyard as soon as possible.”

“It is important that BLT has secured the Petro site, which is viewed by many as the last viable alternative site for a boatyard in Stamford Harbor. We look forward to seeing a practical plan for the site’s use.”

BLT purchased the 5.4-acre waterfront site for $12.75 million.

Martin and others had opposed the company’s plan to place a boatyard at 205 Magee Ave. after it razed the former boatyard in the South End in 2011, drawing the ire of boaters and city officials. BLT is in the midst of the $3.5 billion Harbor Point redevelopment project that has radically changed what was once a grittier part of the city, bringing in new businesses and apartment complexes.

In a statement issued Thursday, BLT CEO Carl Kuehner  said the company wants to work with the city.

“We are proud to offer a compelling solution to fulfill Stamford's need for a modern working boatyard, and we look forward to collaborating with the city to develop the boatyard as quickly as possible."

The project could revive a plan to bring Bridgewater Associates, a Westport-based hedge fund, to Stamford to occupy a proposed 850,000-square-foot office headquarters in the area. 

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