Charter Communications (NASDAQ:CHTR) plans to break ground on a new headquarters building in downtown Stamford, CT, early next year.
Charter's new headquarters will be a 500,000-square-foot, 15 story facility at the Gateway Harbor Point site, anticipated to be ready for occupancy in 2019. The company has engaged Building and Land Technology (BLT), a Stamford-based real estate developer, to construct the build-to-suit facility with an option to expand the site into a two-building campus. The project is expected to break ground immediately following final land use approvals from the city of Stamford.
"Since relocating Charter's headquarter operations to Stamford in 2012, the company has undergone a transformation to become the second largest cable provider in the U.S.," said Tom Rutledge, Charter chairman and CEO. "This new, state-of-the-art facility in downtown Stamford will provide Charter the necessary resources to facilitate its continued growth. We are excited to continue expanding in Connecticut, and thank Governor Malloy, Mayor Martin, the Connecticut Department of Economic and Community Development, and the entire Stamford-area federal, state and local delegation of elected officials for their continued partnership and support."
The Gateway Harbor Point site was chosen for its proximity to mass transit and access to Interstate 95.
