23 Atlantic St.: The long-languishing Residence Inn Marriott on Atlantic Street will be completed next winter, according to UC Funds, which acquired the $40 million project last week. Construction on the eight-story, extended-stay hotel, which was the last remaining Seaboard Realty property in Stamford, is already 60 percent complete. Seaboard abandoned the project when it filed for bankruptcy in 2015.
The 156-room Residence Inn, will be comprised of all suite-style rooms with full kitchenettes, and amenities like a fitness center, breakfast area, business center and meeting spaces. The Residence Inn is down the road from the Courtyard Marriott, which UC Funds acquired from Seaboard in an auction last year. Have a question about a building or property? Email Nora Naughton with “Point of Interest” in the subject line at email@example.com.
ABOUT UC FUNDS:
UC Funds is a national balance sheet provider of both debt and equity capital solutions, that has closed in excess of $1 billion in real estate investments over the last 36 months. UC Funds provides quick financial solutions throughout the entire capital stack, including joint venture equity. UC Funds is one of the nation’s most entrepreneurial lending institutions, focused on Multifamily, Retail, Office, Hotel, Industrial/Warehouse, Adaptive Reuse and Construction assets nationwide. For more about the UC Funds’ commercial real estate platform, visit (http://www.UCFunds.com).