William Raveis Real Estate Inc., the eighth-largest brokerage in the U.S., has announced plans to double the size of its headquarters in Shelton, Conn., where it has been since 1986.

The new space, which will be ready within the next two years and stands just half a mile from the current 22,000-square-foot headquarters building, will be 44,000 square feet, including 39,000 square feet of office space and a 5,000-square-foot interior garden. The new space will include a media room, a “world-class” information technology platform, and an employee gym.

It was important to the company to remain in Shelton, said William Raveis, the firm’s chairman and CEO, because it would keep current employees’ commute times down.

“William Raveis has had several groundbreaking years in a row,” Raveis said in a statement. “With annual real estate sales estimated at $7 billion in 2013 and a total mortgage volume of $9 billion, it was time to move into a space that can accommodate our expanding headquarters team. We’re investing in our future; this space will be home for the coming generations.”

Source: William Raveis Real Estate

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription