Project Information
Owner/Developer
Wiseman Sheldon
Size
40,000 Square Feet
Project Manager
Terra Realty Advisors, Inc.
Delivery Method
Negotiated Design Build
Year
1986 Commencement
1989 Completed
VALUE/COST:
$6,600,000
Financing
Institutional
Project Notes
This project involved land assemblage and IRC 1033 tax treatment (friendly condemnation) for one of the owners to develop and construct the first Class A office building in Fairfield. This 3-story building also had the first underground parking in the city. The prime location, adjacent to a 1 million square foot regional mall and downtown Fairfield, at a highly visible intersection, has ensured the long-term success of this project. All design and entitlement work was coordinated by Scott Sheldon as a principal of the owner/developer.
Project Information
Owner/Developer
Wiseman Sheldon
Size
40,000 Square Feet
Project Manager
Terra Realty Advisors, Inc.
Delivery Method
Negotiated Design Build
Year
1986 Commencement
1989 Completed
VALUE/COST:
$6,600,000
Financing
Institutional
Project Notes
This project involved land assemblage and IRC 1033 Tax treatment (friendly condemnation) for one of the owners, to develop and construct the first Class A Office Building in Fairfield. This 3 story building also had the first underground parking in the City. The prime location, adjacent to a 1 million square foot regional mall and downtown Fairfield, at a highly visible intersection, has ensured the long term success of this project. All design and entitlement work was coordinated by Scott Sheldon as a principal of the Owner/Developer.
