Bozzuto and Kimco Realty announced the closing of a joint venture to develop a mixed-use community in Wilton, Connecticut. 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 community will consist of two residential buildings with more than 10,000 square feet of interior amenities, including boutique hotel-inspired lobbies, resident lounges, a fitness center, co-working spaces and private work areas. Outdoor amenities will include an elevated courtyard with a swimming pool and a rooftop terrace overlooking the Norwalk River.
“Wilton presents an exceptional opportunity to deliver a thoughtfully designed residential community in a vibrant neighborhood,” said Toby Bozzuto, president and CEO of Bozzuto. “Our partnership with Kimco brings together two companies with complementary strengths and a shared vision for what this property can become. By combining Kimco’s expertise in retail real estate with our experience in residential development, construction and management, we will create a community befitting this beautiful neighborhood.”
The development is immediately adjacent to Kimco’s Wilton River Park Shopping Center, a Stop & Shop-anchored retail destination with more than 90,000 square feet of shopping and services. The site is also directly across from Schenck’s Island Park and the Norwalk River Valley Trail, offering convenient access to walking and biking trails and riverfront recreation. Wilton’s Metro-North train station is approximately one mile away.
The Wilton development marks the third joint venture between Bozzuto and Kimco Realty, following Coulter Place in Ardmore, Pennsylvania, and The Chester at Westlake in Daly City, California. The three communities are at successive stages of development: Coulter Place is expected to stabilize in early 2027, The Chester is expected to complete construction in 2028, and construction has just begun at Wilton. Together, the three mixed-use developments will introduce 513 residences and complementary retail space in East and West Coast markets.
“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.”
Bozzuto Development Company will lead development, Bozzuto Construction Company will serve as general contractor and Bozzuto Management Company will manage the community. The project team also includes Beinfield Architects, landscape architect Mahan Rykiel, interior designer CID Design and civil engineer VHB.
Photo Credit: Kimco Realty
