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Norwalk continues to boom

Shorefront Park Norwalk Ct Sandy damage 005-20130602
Numerous homes are being elevated in Norwalk following Hurricane Sandy. This one is in Shorefront Park.

NORWALK, Conn. – They’re busy in Norwalk’s code enforcement office these days.

“We’re mobbed now,” a worker said Thursday. “The storm damage was one thing. Then the commercial stuff just kicked in.”

The Norwalk building boom has continued, Building Inspector Bill Ireland said. “April and May are way up from a year ago. We already have set records for permit fees collected,” he said in an email.

He said there was no way to check if this year was the best ever for April or May.

A survey of the permit books in the office showed that permits for the two months together added up to more than $33 million in construction value, and more than $475,291 in fees. By contrast, April and May of 2012 added up to about $22 million in value and about $316,000 in fees.

Permits of note include:

• April 2: Katherin Snedecker is repairing the house at 17 Harbor View Ave. $115,000 value, fees $1,419.90

• April 3: KRPX Holdings LLC pulled a permit to build a superstructure for a 2½-story, two-family building with four-car garage below at 4 Arbor Drive. $220,000 value, fees $2,707.20

• April 3: John and Mary Gerster are raising their home at 53 Rowayton Ave. to comply with flood zone regulations effective in August. $110,000 value, fees $1,358.60

• April 9: Merrit 7 pulled three permits for renovations, a total value of $379,000, fees of $5,813.54

• April 10: Kimberly Walin is elevating the home at 5 Captains Walk, reconfiguring the bathroom and installing a new kitchen. $300,000 value, fees $3,688.

• April 11: Greg and Celia McCall are elevating the home at 81 Roton Ave. $100,000 value, fees $1,236.

• April 12: Renovations for Connecticut Social Services at the iPark at 761 Main Ave. $650,000 value, fees $9,929

• April 12: Renovations for the Pet Valu opening at 55 Westport Ave. $120,000 value, fees $1,841.20

• April 17: Div Dunham LLC is renovating the second floor of 200 Connecticut Ave. for a new tenant, Akademo’s. $125,000 value, fee $1,917.50

• April 17: St. John/Vitez is repairing storm damage at 7 Tonetta Circle. $100,000 value, fee $1,236

• April 17: Bradford and Kimberley Izzo are repairing storm damage caused by a tree and renovating 40 Grumman Ave. $147,000 value, fee $1,812.22

• April 18: Norwalk Town Center pulled a permit for Waypointe, superstructure for mixed-use building. $3,792,000 value, fee $57,875.92.

• April 19: Anthony Mallozzi and Joe Surace are building a new single residence home on an existing foundation at 25 Powder Horn Road. $170,000 value, fee $2,094.20

• April 23: A permit was pulled for the new CVS at 281 Connecticut Ave. $1.4 million value, fee $21,374

• April 25: James and Grayson Coale are raising the home at 8 Rowayton Ave., adding a second floor and doing other renovations. $600,000 value, fees $7,366

• April 26: Spinnaker pulled a permit for the 20 North Water St. parking garage. $1.2 million value, fee $18,312

• May 3: Amanda Faulkner is remodeling 8 Pennoyer St. $300,000 value, fee $3,688

• May 7: Cross River Associates is installing solar panels on the roof at 18 Cross St. $100,000 value, fee $1,668.60

• May 8: A swimming pool for Avalon at 8 Norden Place. $100,000 value, fee $1,536

• May 8: A new roof at Foxboro Commons. $500,000 value, fee $7,640

• May 9: 310 Wilson Ave. is adding locker rooms, an office and mezzanine at the south end. $165,000 value, fee $2,527.90

• May 9: Edwin Carlson is building a new superstructure at 23 Bryan Road, a 2½ story single family residence with four bedrooms and 2½ baths. $425,000 value, fee $5,220

• May 9: Bliss Best Pest Protection is renovating the first and second floors at 185 East Ave. $188,767 value, fee $2,894.14

• May 10: Spinnaker Real Estate Partners pulled a permit for the 20 North Water superstructure. $12 million value, fees $183,130

• May 15: Sixth Taxing District is repairing the Bayley Beach pavilion. $50,000 value, fee $773

• May 16: New single-family residence being built at 56½ Roton Ave. by Fore and Aft LLC. $160,000 value, fee $1,971.60

• May 16: New tenant (Norwalk Century Link) for fourth floor of 383 Main Ave. 225,000 value, fee $3,443.50

• May 17: 40 Cross St. is adding a new bathroom to the first floor lobby, new tile flooring and carpeting on the second and third floors, etc. $200,000 value, fee $3,062

• May 23: Kerschner Dev. Co LLC pulled a permit for 5 Wilson Ave., a 2½ story, single-family residence with four bedrooms, 3.5 baths, and a two-car garage. $325,000 value, fee $3,994.50

• May 23: Norwalk Hospital is renovating the neurology lab and sleep lab into offices. $348,000 value, fee $5,320.48

• May 29: The Walmart at 650 Main Ave., interior renovations. $212,000 value, fee $3,245.12

• May 29: Barbara Bruggerman is elevating 5 Longshore Ave. and adding a car port, garage and deck. $170,000 value, fees $2,094.20

• May 29: Kerschner Development LLC pulled a permit to build a new superstructure at 17 Morehouse Lane, a 2½-story, single-family residence with four bedrooms and 3½ baths. $225,000 value, fee $2,768.50

• May 30: 401 Merrit 7, a renovation for existing tenant, Financial Accounting Foundation. $650,000 value, fee $9,929

• May 30: Barstow Bates, trustee, repairs to storm damage at 56 Harbor View Ave. $115,400 value, fee $1, 432.16

Comments

5 responses to “Norwalk continues to boom”

  1. Piberman

    What puzzles many is the stagnation of Norwalk’s property values amidst a reported 25 percent increase in housing prices nationally. Could it be that the large tracts of undevoped land so visible from I95 and decades of failed redevopment and high property taxes are somehow responsible for stagnant home values ? Is the real story a stagnant Grand List two years running rather than a construction uptick ? And why has Stamford’s Grand List soared over the past decade leaving Norwalk far behind ?

  2. Suzanne

    Thank goodness for Sandy and some home improvements or Norwalk would have very little to show for its “construction boom”. This list represents a number of renovations and a lot of repairs due to the storm, without which Norwalk would not be “booming.” Add in new construction, a couple of houses, Waypointe and Spinnaker and that is what represents true new development. I would say, cursory review, this shows Norwalk still in recovery for the most part and not thriving with sensible planning and infrastructure.

  3. David McCarthy

    Peter Berman, real estate prices on the grand list are only revaluated every 5 years. There is no sudden change when the market shifts, just like there was not one when the bottom fell out in 2007-8. The only shift in grand list comes from revaluation, or a new entry or modification like an added deck or major renovation/addition on an individual property.

    Homes prices have not gone up 25% nationally. To say so without a reference is meaningless anyway. 25% since when? 2007? Where? Trailer parks in Las Vegas Home prices in the ten major markets are up about 9% in the last 12 months. Still doesn’t mean anything to the grand list…until the revaluation kicks in.

    Stamford’s grand list is down a massive amount, not up. The story is here http://www.stamfordadvocate.com/news/article/Reval-delivers-5-5-billion-Grand-List-hit-4307618.php from just February. Check your sources…or are you simply meaning to spin something?

  4. 0ldtimer

    Sale prices in our area are up from their low point, but still below what they were. Norwalk’s last revaluation was at peak values and will probably, like Stamford’s, take a hit in the next revaluation. Houses selling now are not bringing prices as high as the last revaluation “market” value, but they are moving up.

  5. Piberman

    David

    See the nations leading financial journal Investment News June 13 issue for the source of the 25 percent yer over year median house price increase. On local conditions see realtors, Zillow, city home sale records and people selling homes.

    Or if you believe Nancy’s claim that Norwalk is “growing” then Godspeed.

    If Norwalk had a positive housing outlook why are there so many homes for sale ? And why are prices stagnant ? Ask your neighbors ? Does anyone move here from the surrounding 5 towns because of better home values or is the flow mostly one way ? Going to retire here ?

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