Proposed New Restaurant, Bar, & Banquet Hall, at Sterling Farms, Stamford, CT

Proposed New Restaurant, Bar, 160-Seat Banquet Room

Steven A. Matsis, senior managing director of Stamford, Connecticut based Pyramid Restaurant Group, is pleased to announce that Pyramid Restaurant Group, a division of Pyramid Real Estate Group, has been named Exclusive Broker for the proposed development of a new Restaurant/Bar and Banquet facility at Sterling Farms Golf Course, to be developed by The Stamford Golf Authority.

The proposed development will consist of approximately 9000 square feet, and will include 64 seats in the main restaurant dining room, 42 seats in the bar/lounge room, and 80 seats on the seasonal outdoor terraces, with both areas offering al-a-carte dining and bar service, and which will also be shared by a separate and contiguous 164 seat banquet hall including a large centrally placed dance floor.

The restaurant, bar, and banquet hall will be located at Sterling Farms Municipal Golf Course in the North Stamford area, at 1349 Newfield Avenue, Stamford, Connecticut, just a few minutes off exit 35 of the Merritt Parkway (Rt.15).

The location will offer diners and banquet guests a convenient driving destination, abundant free parking of up to 350 parking spaces, and a welcoming alternative to the dining and bar sector of downtown Stamford, where traffic and parking can often be a challenging experience.

The Stamford Golf Authority will be seeking a single tenant/operator to lease and operate the restaurant/bar and banquet hall, at an annual rental rate of $250,000.00, plus utilities and annual rental rate increases. There are no additional real estate taxes or CAM charges added to the annual base rental rate.

In addition to the construction of the building, The Stamford Golf Authority will contribute significantly to the infrastructure of the kitchen and rest rooms, including exhaust & ansul systems, grease traps, floor drains, water & gas hookups, air conditioning & heating systems, 4 handicap rest rooms (2 in the restaurant/bar, and 2 in the banquet hall), adequate walk-in refrigeration, and an allowance for floor tile and ceilings throughout.

Additionally, the Authority will consider constructing a second separate kitchen for the restaurant & bar, if need be, without encroaching on the square footage of the existing floor plan.

The tenant/operator will be responsible for the purchase and installation of all necessary cooking equipment, additional stand alone refrigeration, prep tables, dishwashing machines, tableware, furniture, desired lighting fixtures, and finishing interior build-out of the dining and drinking areas of the restaurant, bar, and banquet room.

Construction of the new facility will begin once a tenant/operator has entered into a fully executed lease agreement with The Stamford Golf Authority, and all permits and approvals are in place with the City of Stamford. A long term lease is being offered.

The Stamford Golf Authority will only consider offers from prospective tenant/operators whom are financially qualified & credit worthy, and possess a strong history of successful ownership and management in both the restaurant and banquet industry.

Contact Steve Matsis
(203) 496-6274