Bozzuto, Kimco Close on JV for Wilton Mixed-Use Project

Bozzuto and Kimco Realty have closed on a joint venture to develop a mixed-use community in Wilton, CT. The project will bring 168 apartment residences and approximately 11,000 square feet of ground-floor retail to a 5.62-acre site within the Kimco Wilton Office Campus along River Road, advancing the redevelopment of an existing office property in Fairfield County.

The third JV between Bozzuto and Kimco, the development is immediately adjacent to Kimco’s Wilton River Park Shopping Center. The site is also directly across from Schenck’s Island Park and the Norwalk River Valley Trail and approximately a mile from Wilton’s Metro-North train station.

“Wilton is our value-creation flywheel in action,” said Conor Flynn, CEO of Kimco Realty. “By unlocking the highest and best use of land we already own, next to our Stop & Shop-anchored Wilton River Park center, we create lasting value and strengthen a grocery-anchored neighborhood shopping center our shoppers rely on every day. Bozzuto’s residential expertise makes them an ideal partner to bring this vision to life.”

Connect

Inside The Story

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 19-plus years’ experience covering the commercial real estate industry and 35-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 11-15 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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Bozzuto, Kimco Close on JV for Wilton Mixed-Use Project

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