STAMFORD, Conn., Oct. 3, 2017 /PRNewswire/ -- Charter
Communications, Inc. (NASDAQ:CHTR), the Connecticut Department of
Economic and Community Development, and Building and Land
Technology (BLT), a Stamford
Connecticut based real estate developer, today announced
that BLT will break ground on a new Charter headquarters building
in downtown Stamford, Connecticut
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 employees to begin occupying in 2019. The Company has
engaged BLT to construct the build-to-suit facility at 406
Washington Blvd with an option to expand the site into a 2-building
campus. The project will 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, Chairman and Chief Executive Officer, Charter
Communications. "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."
"Today is a great day for Connecticut," said Governor Dannel P. Malloy. "Charter's announcement to
create an additional 1,100 jobs shows that our strategic
investments are continuing to spur economic growth and create good
paying jobs in the state. We look forward to the continued success
of Charter Communications as they grow within the state."
"Charter Communications has been a steadfast corporate citizen
since they relocated here in 2012. We are happy that they
chose to stay in Stamford, and add
jobs and expand their workforce here. This investment in our City
is good news and we applaud their vote of confidence in the
City of Stamford," said Mayor
David Martin.
"We are thrilled to partner with Charter to develop their new
headquarters here at Gateway Harbor Point," noted Carl Kuehner, Chairman of BLT. "We look forward
to working with their team to create a modern workplace and
ecosystem to continue Charter's strong growth here in Stamford."
Charter remains committed to the State
of Connecticut and plans to continue expanding the number of
employees based out of its corporate headquarters in Stamford. Following its commitment to create
and retain 400 jobs under the state's First Five Program in 2012,
Charter has committed to create an additional 1,100 new corporate
headquarters jobs. Charter has agreed to a total of
$100 million in planned capital
expenditures in Connecticut over
the next several years. As a result of these commitments, the
Connecticut Department of Economic and Community Development will
provide an incentives package that includes a direct loan of
$10 million and up to $10 million in tax credits. Additional tax
credits are available if Charter further increases the total number
of Stamford-based jobs.
The Gateway Harbor Point site was chosen for its close proximity
to mass transit as well as its easy access to Interstate 95. The
new headquarters is set to become the first commercial facility
with direct access to the Stamford
train station platform, providing employees with immediate access
to both Metro-North and Amtrak Acela service. The building also
provides for large floor plans which provide greater flexibility in
workplace design.
Charter was represented in this transaction by the commercial
brokerage team at Cushman & Wakefield.
About Charter
Charter Communications Inc. (NASDAQ:
CHTR) is a leading broadband communications company and the second
largest cable operator in the United
States. Charter provides a full range of advanced broadband
services, including Spectrum TV™ video entertainment programming,
Spectrum Internet™ access, and Spectrum Voice™. Spectrum Business®
similarly provides scalable, tailored, and cost-effective broadband
communications solutions to business organizations, such as
business-to-business Internet access, data networking, business
telephone, video and music entertainment services, and wireless
backhaul. Charter's advertising sales and production services are
sold under the Spectrum Reach™ brand. Charter's news and sports
networks are operated under the Spectrum Networks brand. More
information about Charter can be found at charter.com.
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SOURCE Charter Communications, Inc.