A Partnership Between John N. Guedes and Biagio Barone
Guedes’ presentation was for an apartment unit having 34 two-bedrooms, 18 one-bedrooms, and 30 studio apartments. Rents for the units would be $1,500 for the studios and $1,800 for the townhouses. Their plans for apartment development also included plans for an early childcare center. The proposal showed 156 parking spaces and did not include any underground parking, which the town asked developers to include.
Asked by Redevelopment Agency Chairman George Perham why there was no underground parking, Guedes’ said it didn’t make financial sense.
“It doesn’t matter who it is, nobody is going to build a public parking garage on this site. The economics are just not going to make it work,” he said. “Generally structured parking does well in communities where the rents are high and taxes are low. That’s not Stratford. You have the opposite in Stratford.”