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This profile was last updated on 12/11/09  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Louis J. Ceruzzi Jr.

Wrong Louis J. Ceruzzi Jr.?
 
Background

Employment History

Board Memberships and Affiliations

28 Total References
Web References
Greenfieldoptimist.com - North Adams, MA. Developer Announces Another Wal-Mart Superstore Plan
www.greenfieldoptimist.com, 11 Dec 2009 [cached]
Louis J. Ceruzzi likes making money selling land for Wal-Mart supercenters. or more than three years, the developer from Connecticut has been trying to win approval for a 160,000 s.f. big box store in Greenfield, Massachusetts that he refuses to identify. Opponents of the Greenfield project have said since the beginning that the big box store is Wal-Mart, but Ceruzzi Properties of Fairfield, Connecticut insists that a tenant for the project is still not selected since he began marketing the project in 2007.
This is the second time around for Wal-Mart in Greenfield. In 1993 the giant retailer lost a well-publicized battle in this community of 17,000 people when voters overturned a vote of their city council to change industrial zoning to commercial. The original parcel reverted back to industrial, but was later sold by the Mackin Construction company to a Native American group. The same landowner, Mackin Construction, now has a buy/sell agreement with Ceruzzi for land just across Route 2A corridor from the original disputed site.
Only this time around, Wal-Mart is leaving no fingerprints. The world's largest retailer is trying to hide behind the developer, but the company is finding that there's nowhere to hide. This week, the same development company, owned by Louis Ceruzzi, submitted plans for a 160,000 s.f. Wal-Mart supercenter 25 miles west along Route 2 in the town of North Adams in Berkshire County. In another parallel, the site in North Adams is located in an old gravel pit---just like the Mackin gravel pit in Greenfield. Like the Greenfield site, which abuts the White Ash Swamp, the North Adams parcel abuts nearly 13 acres of wetlands. There already is a 97,000 s.f. Wal-Mart discount store in North Adams, which will be closed down and sold by Wal-Mart realty. The existing store is located on Curran Highway, the same road on which the larger supercenter would be located. North Adams is located 15 miles from an existing Wal-Mart store in Bennington, Vermont, which the company also is trying to expand, and 17 miles from another Wal-Mart discount store in Pittsfield, Massachusetts.
The Bennington, Vt. Banner newspaper describes Ceruzzi as "one of the largest developers of malls and retail stores in the country.
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Ceruzzi, chief executive of Ceruzzi Properties, a Connecticut real-estate developer, also is president of Starwood Ceruzzi, a real-estate holding company affiliated with Starwood Capital Group. Founded in 1998, Ceruzzi Properties rapidly became a leading developer of "big-box" retail "power centers" throughout the northeastern United States.
Mayor Barrett has some history with Mr. Ceruzzi.
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Ceruzzi has invested nearly $5.4 million for its two Curran Highway projects-the Wal-Mart and the Lowe's sites. Ceruzzi bought an 8 acre gravel bank from the city two years ago, and bought another 50 acres abutting the gravel pit.
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You should require Ceruzzi to put up a demolition bond to pay for the razing of the existing Wal-Mart if it sits empty for longer than 12 months.
Town of Killingly, CT - Press Release - Killingly Commons - September 19, 2007
www.killingly.net, 19 Sept 2007 [cached]
Ceruzzi Holdings LLC is a privately held full service development company founded in 1989 by Louis Ceruzzi and is one of the most active retail developers in Connecticut.
According to Louis Ceruzzi, ...
www.shorepublishing.com, 23 Feb 2006 [cached]
According to Louis Ceruzzi, president of Ceruzzi Holdings of Fairfield, negotiations are also underway with a leading sewing and crafts retailer for a 15,800 square foot store in the center.
"With the new leases, plans to unify two shopping centers-North Haven Plaza and Washington Center-which began with the signing of an agreement several years ago have come to fruition," said Ceruzzi.
Greenfield Optimist - Local Online News - The Man Who Would Ruin The French King
www.greenfieldoptimist.com, 26 Mar 2006 [cached]
A Profile of Louis L. Ceruzzi, Jr.
Now that the Friends of the Wissatinnewag have "unearthed" the developer who has big plans for the French King Highway corridor, who is this developer who owns a mansion on an elite island, far from the big box stores he builds?
His company has been called a slum landlord.They've stirred the anger of local citizens' groups in other states.But up until now, they've been completely invisible in Greenfield.Hidden by the Mayor and her Economic Development Coordinator, after more than a year of "secret" meetings with town officials, and the Mackin Construction Company, the identity of the developer interested in the 140 Gill Road property was finally revealed.Instead of getting a proper introduction to the community, he now is presented to the public at the hands of citizens.
Engineering studies filed with the state confirm that the developer is Ceruzzi Holdings LLC of Fairfield, Connecticut, an operating arm of one of New England's largest sprawl-mall developers.Like many developers, Ceruzzi has several holding companies, and often creates "limited liability companies" for each new project.According to Real Estate Weekly, the company also operates Ceruzzi Properties, based in Westport, Connecticut, described as "a leading developer of ‘big-box' retail 'power centers' throughout the northeastern United States," with five million square feet of property in its portfolio.
Ceruzzi's tenants includes Wal-Mart, Target, Toys R Us, CVS, Filene's Basement, Home Depot, Linens N' Things, Sony Theaters, Kohl's, Barnes & Noble, Marshalls, Office Max, Pep Boys, Sports Authority, Circuit City, Costco, Bobs, Home Place, PetSmart, Modells, Office Depot, Staples and Stop & Shop.One real estate analyst referred to Ceruzzi as "the Northeast developer of choice for high credit retailers such as Home Depot, Stop & Shop, Staples and Target."
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A group called the Concerned Citizens of Ocean Township fought Ceruzzi to stop the proposed "Ocean Gate Commons" development.Ceruzzi proposed a 189,326 square foot shopping plaza, with an 80,000 square foot Stop and Shop.In June, 2005 despite the developer's implied threat of litigation, the Ocean Township Council voted to adopt an ordinance that limited the largest store to 30,000 square feet.At a public hearing, a representative from Ceruzzi Holdings asked the Council to hold off on voting---but the zoning change was unanimously approved by the Council.Ceruzzi's legal representative said his client was strongly opposed to the ordinance."They can't just walk away from this project," Ceruzzi's lawyer said, adding that he didn't want his comments to be taken as a threat.Six weeks after the Council vote, however, Ceruzzi filed a lawsuit against the township in federal court.In September 2003, more than 1,000 residents signed a petition opposing Ceruzzi's plan.Citizens came to Planning Board hearings wearing "Stop the Shop" T-shirts.The Township Council considered proposals from four land-use professionals, and adopted a zoning change that called for a "village square" development district that will combine retail, office and residential uses.The new town center proposal will be two stories instead of one, providing more building square footage, but on a smaller section of the property, which would leave more open space
In Orange, Connecticut, Ceruzzi bought the Ryder Mobile Home Park in 2002 for $20 million, forcing 174 families to move.An environmental survey of the site found 16 species of amphibians and reptiles on the land.Environmental activists tried to block the relocation, but city officials allowed Ceruzzi's plans to move forward.Ceruzzi contributed $12,500 toward each new mobile home (about a third to one half of the total cost).Each family was also given a new tree to be planted on their relocated property.The mobile home park had been there since 1931.Ceruzzi moved all these families so he could build a Wal-Mart on the site.
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In Derby, Connecticut, Ceruzzi was forced to drop the typical sprawl-mart approach, when city officials told Ceruzzi they did not want big box stores.As developer Louis Ceruzzi admitted, officials told him, "we want to see retail, but we don't want to see ‘big-box' retail.This isn't a suburban location; it's an urban downtown ...want you to take all these concepts of ‘smart growth' into account ...everything that I read and everything that I learn about and everything that I see happening is complaints about suburban sprawl when the density belongs in the City.So we're looking for the density ...like you to make the retail units small units or capable of being divided into very small units so you can have a shoemaker, a candle store, a bookstore - all these various types of tenants that belong in a downtown location."Ceruzzi told officials, "we believe the streetscape is going to be beautiful.
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Ceruzzi also generated controversial headlines for helping Stop & Shop tie up vacant properties near its stores in North Haven, Connecticut and elsewhere--allegedly to keep out competing supermarkets.
Without question, Ceruzzi has helped big box stores metastasize throughout New England.The firm's large retail project dot the landscape:
In the Western Massachusetts area, Ceruzzi is developing the North Adams Plaza, which will consist of over 103,260 square feet of retail stores and a parking lot that will hold 1,500 cars.
In White Plains, New York, Ceruzzi developed a huge, 1.1 million-square-foot development with more than 500,000 square feet of retail and entertainment space on four levels at the base of residential towers.
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The principlal force behind Ceruzzi, and Starwood Ceruzzi is Louis L. Ceruzzi, Jr.You won't find him living anywhere near his sprawling creations, however.He lives in the big-box-free zone of Nantucket, Massachusetts.Mr. Ceruzzi lives in a 7,000 s.f. Colonial house on a half acre of land overlooking Nantucket harbor.He paid $8.02 million for his home.Ceruzzi told one real estate magazine that Nantucket is "like 1958, a step back in time."It was also a time when we had no big box stores in New England.
Mr. Ceruzzi is not lacking in professional companionship on Nantucket.
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Now that Ceruzzi has been "outted", Greenfield officials will no longer have to hide the identity of their "deep throat" developer.
Retailing's woes continue, but will real estate hold the course?
nreionline.com, 1 May 1996 [cached]
Lou Ceruzzi, president of Ceruzzi Properties Inc., asks the question, "How big can the box get, and how many players are left to fill it?"
He suggests that one problem many power center developers face is filling the center with well-performing retailers.Ceruzzi sites the development of Roosevelt Center in Westbury, Long Island as a perfect example of this.The nation's largets retailers were already present in the area and potential anchors from outside the northeast were being acquired by retailers that already had a strong presence there.
The solution to this problem is to tap existing relationships with retailers."If power center developers are careful in crating a dynamic mixture of proven endeavors and new ventures, and if the retailers are careful to offer value and service to their customers," says Ceruzzi, "the future of big box development will continue to be bright."
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