Reimagining 77 acres on the Housatonic River into a vibrant, mixed-use waterfront destination — designed for the next 100 years.
A new chapter for Stratford’s waterfront.
A message from Point Stratford Renewal.
Point Stratford Renewal is leading the redevelopment of the former Stratford Army Engine Plant — a 77-acre waterfront property on the Housatonic River that has sat largely vacant since 1998.
We acquired the property from the United States Army on April 2, 2024. Since then, we have advanced one of the most ambitious environmental remediation efforts in Connecticut while assembling a master planning team capable of delivering a redevelopment worthy of the site's history and its potential.
We are working in close partnership with the Town of Stratford, the State of Connecticut, the U.S. Army, and the Connecticut Department of Energy and Environmental Protection to ensure that what is built here is environmentally sound, economically durable, and genuinely shaped by the community it will serve. The goal is not a fast project. It is a project Stratford will be proud of for the next century.
- Jim Cabrera, Ted Lane, and Peter Cabrera · Point Stratford Renewal
THE SITE
One of the Northeast Corridor's most strategically positioned sites.
The former Stratford Army Engine Plant occupies 76.7 acres on the Housatonic River with 4,180 linear feet of waterfront connected directly to Long Island Sound. The property sits immediately adjacent to Interstate 95 — the principal artery linking New York City and Boston — and within steps of Sikorsky Memorial Airport, with the Metro-North New Haven Line a five-minute drive away.
Positioned roughly midway between two of the nation's largest economic centers, the site places residents, workers, and visitors within a 90-minute reach of more than 25 million people. Its waterfront setting, highway frontage, and multi-modal access make it uniquely suited to a transformative mixed-use destination that draws on both regional connectivity and the natural assets of the Connecticut coast.
Total Site Area:
76.7 Acres
Reach to 25M+ people:
90 minutes
Long Island
Sound–connected waterfront:
4,180 linear feet
Committed remediation investment:
$100M+
PLANNING
In May 2026, following a competitive request-for-proposal process, Point Stratford Renewal assembled a master planning team capable of delivering a vibrant and durable plan executable over five to ten years. The team brings nationally recognized expertise in urban design, landscape architecture, civil and coastal engineering, market and economic analysis, land use law, environmental law, and community engagement — assembled specifically for the complexity and ambition of this site.
The master plan is scheduled for delivery in late 2026, with the entitlements process anticipated to culminate in mid-2027.
A master plan built to last 100 years.
PLANNING TEAM
Cooper Robertson, now Corgan
Lead master planner — among the most experienced urban design firms working on large-scale mixed-use waterfront districts in the United States.
Field Operations
Landscape architect — internationally recognized for transformative public realm projects including New York's High Line.
Langan
Civil, environmental, traffic, and lighting engineering — with extensive experience on brownfield and waterfront sites in the Northeast.
Coastal engineering — one of the world's leading coastal engineering firms, leading coastal resilience design and waterfront infrastructure planning for the project.
Moffatt & Nichol
HR&A Advisors
Market, economic, and fiscal impact analysis — building on decades of work on the country's most consequential urban redevelopment projects.
Carmody Torrance Sandak & Hennessey
Land use counsel — one of Connecticut's most established municipal entitlements practices.
Greenberg Traurig
Environmental counsel — drawing on one of the country's leading environmental and BRAC redevelopment practices.
Pullman & Comley
Public affairs and community engagement — with four decades of relationships across Connecticut state and local government.
Sullivan & LeShane
Tax Increment Financing District counsel — building on the firm's leadership in shaping Connecticut's brownfield and public finance legal frameworks.
Enact
Site Contractor - one of the nation’s leading environmental services firms.
PLANNING TIMELINE
Q2 2026
Q2 2026
Master Planning team Kickoff
Q2-Q3
2026
Q3–Q4 2026
Site analysis, scenario testing, public engagement, draft master plan.
Late
2026
Late 2026
Master plan delivery.
Mid
2027
Mid-2027
Entitlements process complete.
Late
2027
Late 2027
Site shovel-ready for vertical development.
COMMUNITY
ENGAGEMENT
This project belongs to Stratford.
Reconnecting the Stratford community to this prominent waterfront property is one of the most important objectives of the redevelopment. We are planning this site with the next 100 years in mind, and we are committed to a process that is both economically durable and genuinely aligned with the needs of the community it serves.
Community Engagement is a critical part of this project. Point Stratford Renewal and the master planning team will hold regular community meetings throughout the planning process and welcome feedback from residents, neighborhood organizations, and civic groups. Project updates and meeting announcements will be posted to this site, and inquiries can be directed to the contacts below.
Point Stratford Renewal and the Town of Stratford are pleased to invite the public to a community engagement meeting on Monday June 29th at 6pm at Stratford High School.
In advance of the community engagement meeting, we would love to invite you to complete the below survey to provide your input on what you would like to see built at the property. All responses will be reviewed by ownership and the planning team.
HISTORY
A storied place in American industrial history.
The Stratford Army Engine Plant has a storied place in American industrial and military history. Established in 1929 as Sikorsky Aviation Corporation's manufacturing plant, the facility expanded substantially during World War II to become a cornerstone of the national defense manufacturing base.
For more than seven decades, the plant was home to advanced aviation and propulsion manufacturing — spanning the development of early amphibian aircraft, the world's first production helicopter in 1942, the production of more than 7,000 Vought F4U Corsair fighter aircraft, the advancement of Sikorsky helicopter platforms, and the AGT-1500 turbine engines that powered U.S. military aviation and the M1 Abrams tank from World War II through Operation Desert Storm. At its peak, the facility employed thousands of Connecticut workers and anchored the regional defense industrial cluster that continues to define Fairfield County's economy today.
Following the Cold War and the consolidation of the U.S. defense industrial base, plant operations were wound down in 1998. After an extended federal disposition process, the property left federal ownership — and for twenty-seven years the 76.7-acre site sat largely vacant, generating minimal economic activity and no meaningful tax revenue, while the surrounding community absorbed the costs of a blighted industrial waterfront in the heart of Stratford.
Today, those barriers are finally being overcome. Point Stratford Renewal acquired the site on April 2, 2024, and has since made significant progress on the remediation phase of the redevelopment.
PROJECT BENEFITS
What this project delivers for Stratford.
Public Waterfront and Open Space
A defining feature of the emerging vision is the creation of new parks and a continuous waterfront promenade along the Housatonic River — currently contemplated at approximately 1.5 miles of public access along 4,180 linear feet of waterfront that has been closed to the community for generations. The master planning process will confirm the final alignment and program, consistent with the Connecticut Coastal Management Act, ecological restoration objectives, resilience against sea-level rise, and public recreational access.
Costal Resilience
All development will be designed to a 16-foot NAVD88 design flood elevation — substantially above current FEMA base flood elevations — with elevated first floors and stormwater management systems that protect both the project and adjacent communities from future sea-level rise and storm surge.
Brownfield Revitalization
Comprehensive remediation of 76.7 acres of contaminated industrial land — eliminating ongoing exposure risks and restoring the site to productive, safe use under CTDEEP oversight and Connecticut's new Release-Based Cleanup Regulations framework.
Economic Development
The property has not generated meaningful economic activity for the Town of Stratford or surrounding areas since its closure in 1998. The redevelopment is projected to deliver substantial tax revenue growth, new full-time employment, and supporting construction jobs over the development cycle. HR&A Advisors is leading the economic and fiscal impact analysis as part of the master planning process.
DEVELOPMENT TEAM
The team behind the redevelopment.
Point Stratford Renewal is led by Jim Cabrera and Ted Lane. Their combined Connecticut commercial real estate experience includes the assembly, master planning, and entitlement of Harbor Point — the seven-million-square-foot mixed-use waterfront redevelopment in Stamford that serves as the closest precedent for SAEP. They are joined by Peter Cabrera as Principal, Executive Vice President and by Dev Hawley as Managing Director of Development and Real Estate Strategy who brings senior development leadership experience from Yale University, Goldman Sachs, and The Walt Disney Company. The Point Stratford Renewal team is supported by a master planning team that includes Corgan, Field Operations, Langan, Moffatt & Nichol, HR&A Advisors, Carmody Torrance Sandak & Hennessey, Greenberg Traurig, Pullman & Comley, and Sullivan & LeShane.
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Jim Cabrera is a local developer and entrepreneur who has been the managing partner of over 190 companies in the local market over the span of his 35-year career. From 1996 to 2010, Mr. Cabrera managed Antares Investment Partners, a vertically integrated commercial real estate investment and services company which he co-founded. At Antares, Mr. Cabrera raised debt and equity in excess of $2.0 billion and was the managing member of entities that owned over ten million square feet of mixed-use projects worth in excess of $5.0 billion.
Mr. Cabrera is responsible for the vision and successful horizontal development of the South End of Stamford, a seven-million-square-foot mixed-use development set on 80 acres of brownfield land, known as Harbor Point today. Mr. Cabrera, along with partner Ted Lane, facilitated the acquisition of four main parcels and secured entitlements to the site with capital partner Lubert Adler prior to securing a development partner to execute the vertical phase of the seven-million-square-foot mixed-use project.
Over the course of his career, Mr. Cabrera has been involved in some of the most transformational projects in Fairfield County, including Harbor Point; the redevelopment of 100 West Putnam Avenue; the repositioning of Pickwick Plaza; and the repositioning of the Delamar Greenwich Harbor Hotel along with numerous other projects in Connecticut. He has also provided real estate services for leaders in the financial services space including Tudor Investments; S.A.C. Capital (now known as Point72); Starwood Capital; and GE. Mr. Cabrera has also managed funds on behalf of Goldman Sachs; Lehman Brothers; the Kuwaiti Royal Family; pension funds, university endowments, and three billionaire families.
After securing a vertical development partner to build Harbor Point and a successful sale of a stake in Antares to a state pension fund, Mr. Cabrera founded Eagle Ventures, a family office focused on acquiring undervalued, off-market assets and development sites in Fairfield County as well as select private equity investments.
Mr. Cabrera graduated from Duke University in 1987 where he was an All-American in lacrosse. A native of Greenwich, Mr. Cabrera has been involved with numerous businesses and non-profits in Connecticut, earning recognition as the Greenwich YMCA "Man of the Year" as well as the Connecticut March of Dimes "Man of the Year."
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Ted Lane identified the opportunity to acquire the property in 2012 and has over 30 years of commercial real estate experience in the recovery, remediation, and transformation of brownfield redevelopments along the Eastern Seaboard — the largest of which, Harbor Point in Stamford, Connecticut, was assembled, master planned, and entitled along with capital partner Lubert Adler while at Antares Investment Partners.
Mr. Lane is a former Senior Vice President of the Trammell Crow Company's brokerage operations in Connecticut and Westchester County, New York. Mr. Lane was a member of the group that exclusively represented American Express in the lease of over 190,000 square feet of office space in the central business district of Stamford, Connecticut, and also represented a subsidiary of Zeneca Holdings, Inc. in the sale of a five-building, 385,000-square-foot trophy office complex, Nyala Farms, in Westport, Connecticut, at a price in excess of $91 million.
His extensive work with Exxon Corporation and Exxon USA in the acquisition and disposition of leasehold interests totals in excess of 300,000 square feet of office premises in Fairfield County, Connecticut. Mr. Lane has also represented many well-known corporate entities and law firms, including Raytheon Company, Nestle Waters North America, the United States Postal Service, Staples, Paul Hastings Janofsky & Walker, Edwards & Angell, and Pillsbury Winthrop Shaw Pittman (formerly Winthrop Stimson Putnam & Roberts).
Mr. Lane graduated from Princeton University with an A.B. in Politics.
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Peter Cabrera is Partner and Executive Vice President of Eagle Ventures, a family office focused on acquiring undervalued, off-market assets and development sites in Fairfield County as well as select private equity investments.
Mr. Cabrera joined Eagle Ventures after serving as Director of Capital Advisory at B6 Real Estate Advisors, a commercial real estate capital markets brokerage led by industry veteran and former NYC mayoral candidate Paul Massey. At B6, Mr. Cabrera was a top producer in the debt and equity capital markets group, earning a place on Commercial Observer's "Top 25 Under 35 Young Debt and Equity Professionals" list in 2019.
Mr. Cabrera began his career working for JLL's Public Institutions Group in Washington, D.C., where he was charged with developing highest-and-best-use studies for underutilized properties owned by federal, state, and local governments as well as universities and professional sports teams; underwriting and evaluating RFP responses from developers in the private sector; and structuring joint ventures to facilitate over $2 billion of public-private partnership development projects.
Mr. Cabrera graduated from Franklin & Marshall College with a B.A. in Business with a concentration in Finance, where he was a member of the Benjamin Franklin Financial Honor Society.
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Dev Hawley is the Managing Director, Real Estate Strategy & Development at Point Stratford Renewal. Mr. Hawley has extensive global experience guiding strategy, capital planning, and real estate development for world-class institutions, including Yale University, Goldman Sachs, and The Walt Disney Company.
From 2017 to 2024, Mr. Hawley led campus development and operations for Yale University. As Head of Campus Development Planning, he established the strategic direction for all new development across a $4.7 billion five-year capital portfolio. During his tenure, he managed a 21-million-square-foot campus portfolio and successfully led the proposal for a $1.3 billion science and engineering research redevelopment of Yale's Central Campus. As Head of Operations, he introduced a hospitality-based operations model and managed a $160 million operating budget with a staff of nearly 1,000.
Prior to his time at Yale, Mr. Hawley spent a decade at Goldman Sachs & Co., serving as the Global Head of Capital Projects. In this capacity, he oversaw nearly $5 billion in global headquarters developments and managed a 12-million-square-foot portfolio covering 170 offices in 92 cities. His notable accomplishments include managing the interior development of the $2.4 billion, 2.1-million-square-foot worldwide headquarters in New York City, as well as executing major high-profile headquarters developments in London and Bengaluru. He also initiated a stand-alone hospitality business through the acquisition and redevelopment of the Conrad New York Hotel and Conference Center.
Earlier in his career, Mr. Hawley managed global real estate development for The Walt Disney Company, overseeing nearly $4 billion in world-class international resort destinations. His work included managing pre-development for the $3.5 billion Hong Kong Disneyland Resort and developing the $260 million Downtown Disney retail and dining project in Anaheim. He provides consulting and master planning advisory services and serves as a member of the Town of Greenwich Havemeyer Building and Site Committee, determining the highest-and-best use for the adaptive reuse of the historic municipal landmark.
Mr. Hawley earned a Master of Architecture II from the University of Pennsylvania's Post-Professional Program in Real Estate Development and a Bachelor of Architecture from Syracuse University. He serves on the Board of Directors for the Urban Design Forum and the Salvadori Center, and holds property and executive leadership roles with the Scouting America Greenwich Council.
PLANNING
PARTNERS
REMEDIATION
PARTNERS
