Carmel Partners

Vela on the Park

Region: New York Metro
Address: 1011 Washington Blvd, Stamford, CT 06901
Strategy: Renovation
Status: Held
Acquisition Date: 02/08/2022
Units: 209
Vela on the Park is a newly constructed 19-story apartment building with 209 units. With substantial retail, restaurant, and bar offerings, it is one of downtown Stamford’s best locations. It is near several Fortune 500 offices and is just an eight-minute walk to one-hour train service to Grand Central Station.  The property boasts contemporary interiors, unobstructed views of Fairfield County, and higher‐end finishes relative to local competition. Common areas include co-working spaces, rooftop dining, fitness center, yoga room, and 3,669 square feet of retail space.