Sun Homes and Hudson Bay Capital start work on Stamford waterfront condo project

Sun Homes and Hudson Bay Capital have begun construction on The Caspian, a 63-unit luxury condominium redevelopment at 70 Seaview Avenue in Stamford’s Shippan Point neighborhood. The project converts a former office building into waterfront residences with marina access, Sound views and transit access to Manhattan, with sales gallery opening expected in spring 2027.

Why it matters: - The Caspian turns a former commercial office building into a waterfront residential project in one of Stamford’s most desirable shoreline areas. - The 63-residence community adds luxury housing inventory near Downtown Stamford and Metro-North service to Grand Central Terminal. - The project signals continued investment in southern Fairfield County’s waterfront and in adaptive reuse development.

What happened: - Sun Homes and Hudson Bay Capital began construction of The Caspian at 70 Seaview Avenue in Stamford, Connecticut. - The project is a luxury condominium community on Shippan Point overlooking the Long Island Sound. - The development will include only 63 residences. - Sun Homes secured all financing for the project.

The details: - The Caspian is an adaptive reuse of a former office building into a waterfront condominium community. - Residents are expected to have direct waterfront access and panoramic Sound views. - The property will include a comprehensive mix of indoor and outdoor resort-style amenities. - The project will also offer access to an on-site 57-slip marina. - ODA is leading the architectural design. - The design keeps the existing structural form while adding a new building envelope intended to maximize coastal sightlines and natural light. - ODA’s plan includes private outdoor spaces for every residence and an indoor-outdoor living layout. - Sun Homes says the company has developed more than 10,000 homes with more than $2.6 billion in development value. - Sun Homes describes itself as a privately held homebuilder and real estate developer focused on high-end residences in New York and Connecticut. - Hudson Bay Capital is a global alternative asset manager.

Between the lines: - The project leans on scarcity in two ways: limited unit count and a site that cannot easily be recreated today. - The location combines shoreline privacy with commuter access, which broadens the appeal beyond local buyers. - The partnership extends a broader investment thesis centered on high-quality submarkets within reach of New York City.

What's next: - The Caspian Sales Gallery is expected to open in spring 2027. - The waterfront redevelopment will continue to move from construction into market launch as the project takes shape. - More information is available at the company’s announcement.