A permit has been issued by the Westport Building Dept to demolish the house at 17 Stony Point Road. The 1957-built two-story contemporary is on a 1-acre waterfront property. The owner said that “we’re keeping the foundation and rebuilding it as an up-to-date house with many ‘green’ features that fit in beautifully with its site on the river.” The home was the longtime home of the late Ralph Sheffer, a well known Westporter and former moderator of the Representative Town Meeting. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

A 19,000-square foot building known as Riverside Corners at the southeast corner of Westport’s Post Road West and Riverside Avenue has been sold for $7.5 million.
Dating to the 1800s, Riverside Corners houses retail outlets and apartments. (CLICK TO ENLARGE) Contributed photo

Westport-based HK Group, the broker in the transaction, said the buyer was Phat Development of Greenwich. The previous owner was Abbey Road Advisors of Westport.

Built some time is the 1800s and originally known as the Hunt & Downs building, the property houses five retail outlets, including the Napoli Restaurant, and nine second-floor apartments which overlook the Saugatuck River.

Matthew Keefe, president of HK Group was the only broker involved in the transaction. Property Manager Peter Jennings, also of HK Group, has been handling Riverside Corners for the seller, and will continue with the new ownership.

The Westport View Corporate Center on Wright Street overlooking Westport’s center has changed hands for $32,250,000.
One of two office buildings sold for $32,250,000 on Wright Street. File photo

The Prescott Group sold the 81,349-square foot property at 8-10 Wright St. to an institutional buyer, according to broker Cushman & Wakefield. The sale was originally listed on the WestportNow property transfers on Oct. 25.

Westport View Corporate Center consists of two buildings, 8 Wright St., which contains 55,285 square feet of office space on three floors, and 10 Wright St., which contains 26,064 square feet of office space on two stories.

Built in 1977, the property has been extensively renovated over the past five years, according to Cushman & Wakefield.

The new owner of the Westport Inn said today that the 115-room facility will undergo a major renovation to make it environmentally friendly.
The Westport Inn will undergo an extensive “green” modernization. (CLICK TO ENLARGE) Contributed photo

New York-based Ranger Properties LLC also said it has retained the Meyer Jabara organization of Danbury, which has managed the property for the past four years, to continue to manage the hotel.

“The excellent staff at the hotel is expected to remain in place,” the company said in a news release.

The almost 4-acre property, Westport’s largest hotel and a mainstay on Post Road East for decades, was sold last week for $13.1 million (See WestportNow Oct. 29, 2007)

The Westport Inn, Westport’s largest hotel and a fixture on Post Road East for decades, has been sold to a New York owner and developer for $13.1 million, according to a filing in the Town Clerk’s Office.
The new owners of the Westport Inn will undertake extensive renovations of the 115-room facility, according to a broker involved in the sale. (CLICK TO ENLARGE) File photo

The 115-room facility at 1595 Post Road East occupies more than three acres and features an indoor pool, fitness facility, meeting space, and restaurant and lounge. It was bought by Ranger Properties LLC.

“The new owner plans to extensively renovate and reposition the inn, so the Westport Inn will be taken to an even higher level of accommodations and service,” said Joe McCann, president of Philadelphia-based Optimum Hotel Brokerage, the firm which represented the seller in the transaction.

McCann, a former Westport resident, added, “With Westport’s high land costs and prohibitive zoning restrictions, the hotel is situated at the epicenter of one of the highest barriers-to-entry markets in the country.”

The house at 8 Joann Circle off Roseville Road was demolished today. Built in 1960, the 2,062-square-foot, one-story ranch house was situated on a one-acre property and changed hands in September for $1,200,000. It was the WestportNow Teardown of the Day on Oct. 5. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com