A recently-built luxury apartment development in Fairfield has sold for $93 million, land records show. The 160-unit Alto Fairfield Metro apartments at 1401 Kings Highway sold in March. The buyer was Boston-based real estate private equity investor Jones Street Investment Partners, property records show. The seller was 1401 King LLC, which is controlled by Weston […]
A recently-built luxury apartment development in Fairfield has sold for $93 million, land records show.
The 160-unit Alto Fairfield Metro apartments at 1401 Kings Highway sold in March.
The buyer was Boston-based real estate private equity investor Jones Street Investment Partners, property records show.
The seller was 1401 King LLC, which is controlled by Weston commercial real estate lawyer Stephan Grozinger, state records show.
The property, which was built in 2020, includes two buildings with studio and one- and two-bedroom apartments. It also has 13,000 square feet of retail space.
The highly-amenitized property held a grand opening ceremony last September, at which time the property manager said the apartments were 100 percent leased, according to a published report by Patch.
The property sits on 2.33 acres and contains a billiards/playroom, dog washing station, outdoor patio and fire pit as well as a rooftop lounge area.
