Sunday’s New York Times, in a story on a real estate company specializing solely in teardowns, reports the firm has opened an office in Westport where “teardowns are a source of fascination and fury” and WestportNow’s “teardown of the day” is a popular feature.
Under the headline “Teardowns Reshape Suburbs, And Selling Strategies,” the newspaper said Xchange Properties was founded in a Chicago suburb four years ago and last November expanded to Westport.
It said the company, which enables sellers to market their properties directly to builders without having to pay a full sales commission or go through the charade of house showings, has plans to open offices in other “teardown hotspots” in Virginia, Florida, California, and New Jersey.
“In Westport, Conn., the site of Xchange’s Fairfield County office, teardowns are a source of fascination and fury,” the Times said.










