A joint venture between AMS Acquisitions and Avenue Realty Capital has broken ground on 131 Danbury Road, a 208-unit multifamily project in Wilton, Conn. Completion is expected by early 2027, according to Commercial Observer. The companies recently acquired the site, in a deal arranged by Partners Commercial Real Estate. Madison Realty Capital provided a $71 million construction loan facilitated by Arrow Real Estate Advisors. The $95 million development rises along Route 7 on the former site of an office building, close to Norwalk River and less than 2 miles from the city center. Downtown New Haven, Conn., is 33 miles northeast, while Newark, N.J., is 62 miles away.