POKO Partners is seeking a $5m grant that they say will help them get rolling on phase 1 of Wall Street Place.
TheHour.com reports that POKO has $40m of the the required $45m to complete phase 1 of the project. Phase 1 calls for:
- 101 apartments
- 236 parking spaces + automated parking garage
- 16,182 SF of retail space
The development would change the complexion of Wall St. and increase activity to the old Norwalk downtown. However, there is reason to be skeptical. Over the past few years Norwalk residents have seen 95/7 District take shape only to lose steam and remain a large dirt parking lot. Phase 1 of this POKO development has been talked about for more than a year. In September of 2011, officials stood outside of 61-65 Wall St. showing off the “intent to demolish notice” and said groundbreaking would take place in the “not-too-distant future.”
So far, residents are still looking for that to take place.
To read the entire article from TheHour.com, CLICK HERE.