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News : Real Estate Sep 10, 2012 - 5:46:21 PM

Topping off party to celebrate last phase of construction at Summerview Square

By Summerview Development Group

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Norwalk, CT - At 5:00 PM on September 13, 2012, Norwalk Mayor Richard Moccia will attend a “Topping Off” neighborhood celebration of the last phase of construction at Summerview Square, a 63 unit townhouse style rental community that has been recognized as Best Smart Growth Community in Connecticut by the state’s leading trade association, the Home Builders & Remodelers Association of CT.

Three years ago, Westchester asset management company, Seavest Inc. formed Summerview Square LLC and purchased four land parcels in a blighted area of Norwalk. Fairfield County builders Andrew LaSala and Steven Berko of Summerview Development Group were hired to develop the project.

Summerview Square will continue its commitment to the community at the Topping Off Party on September 13th with the presentation of a defibrillator to Police Chief Thomas Kulhawik for Norwalk’s Emergency Services.

Since opening its first phase in the summer of 2010, Summerview Square has been able to raise rents 20% due to consistently steady demand. Current rents range from $1,500 for a 1 bedroom to $2,400-2,700 for a 3 bedroom townhouse on three levels, which is less than a nearby Avalon apartment style rental community. When units are vacated at Summerview, they are rented in 2-3 days.

Summerview Development partners Andrew LaSala & Steve Berko on site
“The household income of our tenants is over $100,000 and several tenants have incomes over $200,000,“ says Andrew LaSala of Summerview Development Group. “Summerview Square seems to be the ‘go to place’ for price point and quality construction. The private entries and garages with direct access to apartments have been a big draw. Summerview has revitalized the neighborhood, and multiple businesses have opened or expanded in the Main Street commercial district. Moderately priced housing like Summerview Square is vital to retaining and attracting businesses.”

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