Driving Downtown – Stamford Connecticut USA
Driving Downtown – Stamford Connecticut USA – Episode 36.
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Stamford is a city in Fairfield County, Connecticut, United States. Stamford is home to four Fortune 500 Companies,[2] nine Fortune 1000 Companies, and 13 Courant 100 Companies, as well as numerous divisions of large corporations. This gives Stamford the largest financial district in New York Metro outside New York City itself and one of the largest concentrations of corporations in the nation.
Economy
Among the larger companies with headquarters in Stamford are Vineyard Vines, WWE, Tasty Bite, Pitney Bowes, Gen Re, Frontier Communications, Starwood Hotels and Resorts Worldwide, Crane Co., and Charter Communications. UBS also has its North American headquarters here and its trading floor holds the Guinness World Record as the largest column-less trading floor in the world. The Royal Bank of Scotland moved its North American operations into Stamford in 2009, including its RBS Greenwich Capital subsidiary.[14]
In recent years, many large corporations have moved offices outside of the city due to the high rental cost, including Xerox, MeadWestvaco, International Paper, GE Capital, NBC, and Clairol. The Harbor Point development, located in the South End, is one of the largest private-sector development projects in the United States.[15] Many large retail stores, such as Design within Reach and Fairway Market have moved in, along with multiple hedge funds.
History
In the 1960s and 1970s, Stamford’s commercial real estate boomed as corporations relocated from New York City to peripheral areas.[5] A massive urban redevelopment campaign during that time resulted in a downtown with many tall office buildings. The F.D. Rich Co. was the city-designated urban renewal developer of the downtown in an ongoing redevelopment project that was contentious, beginning in the 1960s and continuing through the 1970s. The company put up what was the city’s tallest structure, One Landmark Square, at 21 floors high, and the GTE building (now One Stamford Forum), along with the Marriott Hotel, the Stamford Town Center and many of the other downtown office buildings. One Landmark Square has since been dwarfed by the new 35-story Trump Parc condominium tower (topped out), and soon by the 400-foot 39 story Ritz Carlton Hotel and Residences development, another project by the Rich Company in partnership with Cappelli Enterprises.[6] Over the years, other developers have joined in building up the downtown, a process that continued, with breaks during downturns in the economy, through the 1980s, 1990s and into the new century.
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