Smart growth developments can significantly benefit the local economy of a town or city. Transit-oriented development (TOD) entails increasing commercial and residential development and employment around transit infrastructure. This smart growth strategy generates higher, more stable property values, increases foot traffic around local businesses and increases transit ridership. As a result, TOD helps create vibrant neighborhoods where people want to live and work, making these areas attractive to employers and retailers which enhance towns and regions’ ability to stay economically competitive. Mixed-use development is a fundamental smart growth strategy. Mixed-use development allows people to live, work and play all in the same area and this cuts down on commuting time, lowers greenhouse gas emissions, alleviates congestion, increases demand for transit options and is commonly associated with higher property values.
As a result of these benefits, more and more people are choosing to live and work in, or near mixed-use development. According to a 2009 report released by Reconnecting America, demand for access to transit in walkable, mixed-use communities is projected to double over the next 20 years to 15.2 million households by 2030.
As a leading example of Smart Growth and Transit Oriented Development, Fairfield Metro Center will provide a unique and fully integrated workplace and urban lifestyle environment in a suburban setting that will help attract top office tenants, hotel guests, residents and visitors. The project was designed from the “top down” to encourage and inspire the culture of innovation that drives today’s successful companies. It considers everything from how people get to work and what their experience is like when they get there. It demonstrates how buildings can enhance productivity and wellbeing, and anticipates what the next generation of talent is looking for in a workplace experience. FMC offers a multitude of indoor and outdoor spaces where people can collaborate, learn, socialize and focus.
Over the past decade, a major shift has occurred in how people want to be able to get to work. This is especially true for the next generation of rising talent. Americans between the ages of 18 and 34 are driving less and using public transportation more. Fairfield Metro Center’s unique combination of on-site rail, car sharing and overall support for car-free living are designed to help attract and retain the next generation of young talent that leading companies covet. Tenants will be able to walk from their train to their desks and residents will be able to walk to the new train station in minutes. To win the war for talent, companies are rethinking their location strategies. Isolated office parks with institutional cafeterias are a thing of the past. Attracting and retaining top talent demands amenity rich, vibrant environments that integrate work with modern life. FMC provides the lifestyle rich setting needed to attract the best talent.
Fairfield Metro will include 7 buildings consisting of 5 mid-rise office buildings containing1 Million square feet of Class A office space, 75,000 square feet of retail space, a 175 key select service hotel, a proposed 197 unit residential rental apartment building, a 1,500 space commuter parking lot and an 11 acre waterfront nature preserve and park. The seven buildings will be built above structured and surface parking. The top of the primary parking structure will feature a professionally designed and landscaped courtyard, which will serve as an amenity to office tenants. The upper floors of the buildings will all feature unobstructed views of Long Island Sound. The campus is designed to create a vibrant urban hub of commerce and activity in a suburban setting. The walkable campus is designed to facilitate easy access to the Metro-North train station and project amenities from any point on the site. An 11 acre waterfront nature preserve and park features walking trails and wetlands sanctuary and wraps around the southern and western perimeter of the site. A new Metro North ticket office and commuter waiting area will be integrated into the first building to be constructed at Fairfield Metro, the “Concourse Building”, which will feature the hotel, 40,000 square feet of Class A office space a marketplace with grab & go eateries, full service restaurants and convenience retail.