Waypointe developer reports major interest, business coming to Norwalk

Waypointe 002-20130910
People will be moving into Waypointe development on West Avenue by the end of the year, Paxton Kinol said. This photo is from Sept. 10.

NORWALK, Conn. – There’s a big change about to happen in the city, a Norwalk developer said last week.

Paxton Kinol of Bellpointe Capital, the funder of the Waypointe development now under construction on West Avenue, predicts that people will be living in his striking new building by the end of the year. But that’s not all – hotels, offices and retail are on the way, too.

“The activity and the phone calls that we’ve gotten in the last two months has been incredible,” Kinol told members of the Planning Committee on Thursday. “We have companies calling to build office buildings in downtown Norwalk, two 100,000-square-feet office buildings in downtown Norwalk. We have hotel groups calling to put hotels in downtown Norwalk. We’ve got retailers, literally every day we are responding to letters from people asking about retail. Two movie theaters competing to be in downtown Norwalk.”

The building is only half up at this point, he said, and it’s only Phase One of the project. He said he doesn’t think people could wrap their minds around the size of Waypointe until it started to take physical shape.

He hasn’t seen anything like this since he moved to Norwalk in 1994, he said.

“It’s pretty amazing what has happened in the last two months, as this is going up. People finally – they couldn’t envision it. Now they’re finally saying, ‘Oh I get it,’” he said. “They drive on I-95 and they look from the Yankee Doodle Bridge and they go, what the hell is that? Even people who have worked on the project, designers, come to City Hall, lean out the back, see the parking garage and say what is that? They designed it. … It’s a pleasure to come to work these days because the phone is just ringing.”


8 responses to “Waypointe developer reports major interest, business coming to Norwalk”

  1. Don’t Panic

    Hey Waypointe. Can you send those leads over to Tad Diesel if they don’t work out for you?

  2. Rod Lopez-Fabrega

    This monstrosity with many legs is easily the most ungainly structure erected anywhere in recent memory. It goes a long way toward the uglification of Norwalk. It will be an unavoidable blot on the landscape of our town everyone will see as they come off the turnpike.

  3. EveT

    What is the occupancy rate in the luxury apartments that have already been built in the past 5 years or so? The ones on East Avenue near I-95 and the ones near the Burnell Blvd. bus station? Drive past these buildings at night and you hardly ever see any lights on.

  4. Mike Rotch

    @EveT. You don’t see lights in every apartment because we have jobs! Stop looking in my window and do something productive.

  5. Tim T

    The unfortunate thing is neither Moccia or Rilling have a vision for Norwalk. Dumb and Dumber

  6. Suzanne

    I agree with EveT – what demographic suggests Norwalk needs more luxury apartments? What is the occupancy rate for existing buildings? I wonder about the Avalon Apartments on Cross Street: it always seems like a ghost town. Some data on this would be appreciated: what better asset than to build buildings that have no particular use to people who live and work in Norwalk? Exactly. There isn’t any positive if a majority of the space is vacant. What are the numbers?

  7. Mike Rotch

    @suzanne. Ever hear of the saying “It’s better to aim for the stars and miss, then aim for a pile of crap and hit”. Build high end developments and you will attract high end clientele. Build a homeless shelter and see what you get…

  8. Suzanne

    Mike, I hear you. But after all of the dilly dallying around to get these developments going, one would think whatever is integrated into them would be based on a comprehensive urban plan. If Norwalk doesn’t have one, it needs one and it must be implemented. Otherwise, those pretty luxury apartments might end up looking over a parking lot while office buildings are pointed toward the water. I still say, build well, yes, but ensure that it is for a demographic that will actually live there. Building for empty space is just nonsense.

Leave a Reply

Recent Comments