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Neighborhood Case Studies
Parking Data
Source: Redniss & Mead Wall Street Parking Study, 2025
Total spaces: 1,700
Peak occupancy (Saturday afternoon): 48%
Spaces empty at peak: 880+
Public parking facilities: 4
Finding: No observed capacity constraints at any facility during any observation period
City Investment
Wall Street Corridor Improvement Project: $30M committed
$4.4 Million Isaacs Street Infrastructure Improvements
City project page: norwalkct.gov/3206
State Context
HB 8002 — signed November 2025 by Governor Lamont in Norwalk:
Eliminates parking minimums statewide for residential projects under 16 units and eliminates parking minimums when a parking evaluation shows there is sufficient public parking in the neighborhood.
Wall Street is asking for the same principle applied at the district level.
Housing Data — Four Projects, Four Models
Wall Street Place
Units: 155
Affordable units: 155 (100%)
Model: City-subsidized, deed-restricted
Cost: $133M total development cost
24 Belden Avenue
Units: 102 (under construction)
Affordable units: 30% (31 units) — triple the 10% city requirement
Model: Build4CT incentive financing
Cost: Not published
Head of the Harbor
Units: 60
Affordable units: 10% workforce housing
Model: Standard inclusionary requirement
Milligan Apartments
Units: 105
Affordable units: 0 deed-restricted
Naturally affordable: Yes — average rent 23% below the Affordable threshold
Model: No program, no subsidy — market delivered affordability
Around the Neighborhood
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