Empire 225 - Luxury Apartments Stratford, CT
78,000 SF, 70 Unit, Free Market, Luxury Apartment Building, currently 99% leased.
Studios, 1BRs and 2BRs available for rent.
225 Lordship Blvd.
78,000 square feet
Phone: (203) 223-1064
About This Property
This project began as a hotel to apartment building conversion and was recently completed in January 2020.
Formerly a Ramada Inn, and then becoming the Stratford Hotel, the property was purchase by Empire Residential back in 2016. The site is 4.7 acres in total and sits along Lordship Blvd., which sees an average of 21,000 vehicles per day. The principals saw a lot of potential in the site given its proximity to I-95 and rt 1. The hotel was closed and approvals were sought to convert the existing 149 rooms into 70 luxury residential apartments, consisting of 5 studios, 53-1BRs and 12-2BRs. The Empire team improved the complex by keeping and renovating the indoor pool, creating a brand new fitness center and adding a dog park on the south side of the building. The original hotel restaurant and catering hall space along the front of the hotel was demolished, and two pad sites were created in it's place. Empire received approval for two drive-thru restaurants, and is expecting to ground lease these to a well credited restaurant operator. Zoning approvals were then sought to build a four story, climate controlled, 120,000sf self storage facility at the rear parking lot of the original hotel.
In four years, Empire Residential has successfully converted a hotel into a fully leased, 70-unit luxury residential apartment building; built a 120,000sf climate controlled self storage facility, to be managed by CubeSmart, and was granted a variance to build two drive-thru restaurants on the front two pad sites.