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In brief
Carter’s closes Shelton office
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Children’s apparel giant Carter’s Inc. is shutting down its Shelton office and moving the jobs to Atlanta where it is based, with plans to complete the move by the end of next year. Carter’s expects the relocation to cost between $35 million and $40 million, including severance and recruiting new workers in Georgia where it expects to add 200 jobs in retail merchandising, store operations, finance and information technology. Carter’s current Atlanta workforce numbers 1,200 people. “We believe that bringing our employees together in one location will improve the interaction and collaboration of our talented workforce,” CEO Michael Casey said in a prepared statement. Carter’s Shelton office is at 1 Waterview Drive.
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24 Week of October 22, 2012 • Fairfield County Business Journal
Mercedes-Benz of Fairfield and Devan Infiniti will be expanding their dealerships into an adjacent vacant lot. The site at 65 Commerce Drive in Fairfield will give the two dealerships more space for vehicles on display and employee parking. Jon Angel, Angel Commercial L.L.C. president, represented all parties in the transaction.
Playland to be transformed Sustainable Playland Inc., a grassroots coalition comprising Westchester County, N.Y. residents and business leaders, was selected to pioneer the reinvention of Rye Playland. Sustainable Playland was one of a dozen entities to submit plans to the county in response to a 2010 request for proposals aimed at transforming the historic countyowned amusement park into a profitable enterprise. The group’s $35 million proposal calls for Playland to be transformed from a summer attraction to a year-round, multipurpose complex.
UI powers up in Shelton United Illuminating Co. plans to build a new electricity substation in Shelton at a cost of $38 million, saying its four existing stations will be inadequate to meet the Shelton area’s needs by 2015. The proposed 115-kilovolt substation would take high-voltage power from transmission lines and “step down” the power to decrease the voltage and boost the current for distribution to homes and businesses. United Illuminating wants to build the substation at 14 Old Stratford Road in Shelton, a 6-acre industrial property just north of Trumbull that was once used by Lord Corp. to manufacture seals and o-rings.
Grape move for Westchester With $83,000 in sales and mortgage tax exemptions from the Westchester Industrial Development Agency, Metro Wine is moving from Stamford to Elmsford, N.Y. Metro Wine focuses on Bordeaux imports.
Equity One buys plaza Heyman Properties completed the $36 million sale to Equity One Inc. of Darinor Plaza in Norwalk, with Equity One disclosing an $18.8 million mortgage still on the property. Darinor Plaza is at 500 Connecticut Ave. in Norwalk and totals 152,000 square feet. Tenants include Kohl’s, Old Navy and Party City. North Miami Beach, Fla.-based Equity One focuses on retail properties in urban areas. It now owns five Fairfield County shopping centers, the biggest being the 185,000-square-foot Copps Hill Plaza in Ridgefield.
Law firm opens in Trumbull Norwalk-based Goldman, Gruder & Woods opened its third location, in Trumbull at 105 Technology Drive. The Trumbull office will serve as the base for an expanded focus on bankruptcy, debtor/creditor rights, and commercial litigation. Stephen Wright, who recently joined the law firm as a partner, will be based at the Trumbull office. Goldman, Gruder & Woods also has a Greenwich office.
Shelton apartments on tap A developer reportedly proposed a 260-unit apartment complex for Bridgeport Avenue in Shelton, at a cost of $45 million. A Pennsylvania-based company called Talbot Partners L.L.C. reportedly has teamed with an Oxford builder for the project, according to the Connecticut Post with plans for an upscale complex similar to one being built on Canal Street by AvalonBay Communities Inc. – Sam Barron, Jennifer Bissell, Patrick Gallagher and Alexander Soule