News: Owners Developers & Managers

Fareri Associates to make changes to 44-unit development

Greenwich, CT Following input from neighbors and discussions with the town architectural review committee, developer John Fareri has agreed to make a number of changes to his plan to build a four-story residential complex at 581 W. Putnam Ave.

The proposed 44-unit complex across from the Citarella grocery store in the west end of town will now have a reduced floor area and an exterior brick material that has a softer, warmer tone and is considered less monotonous to look at.

“We’re always happy to work with town officials and neighbors to address their concerns and get everything just right before final site work begins,” said Fareri a Greenwich-based developer with a 40-year track record of developing quality retail, residential, commercial and industrial spaces.

The changes were announced after Fareri’s design team met with the architectural review committee, and the plans were also reviewed at a recent meeting of the planning and zoning commission.

Fareri and his team are also addressing commissioners’ concerns about the apartment complex needing more greenery and plant material, possibly reducing the proposed plan for 86 parking places.

Previously the site, which had fallen into disrepair, was home to two dining and entertainment venues, Garbo’s and the Penthouse. Development plans for the west-end site have been in the works since 2018. Demolition work began in October 2020.

Fareri’s company, Fareri Associates, is a family-owned and operated company. The firm specializes in real estate development, investment and construction in Westchester County, NY, and Fairfield County, CT. Recent projects include The Harbor at Greenwich, Old Track in Greenwich, Purchase Professional Park in Harrison, NY, Greenwich Office Park, and 19 Broadhurst Ave. in Hawthorne, NY.

Fareri is also well known for his charitable work in New York and Connecticut. He and his wife, Brenda are the founders of the Maria Fareri Children’s Hospital, a $200 million-plus state-of-the-art facility at the Westchester Medical Center campus in Valhalla, NY, that was built in honor of their youngest daughter, Maria.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains