Danbury Arena will sparkle with Diamonds
Diamond Properties, a private real-estate development company owned by brothers Bill and Jim Diamond have purchased the Danbury Arena from Floyd Hall Enterprises.
Diamond Properties, headquartered in Mount Kisco, NY, has a long history of acquiring commercial properties with potential for substantial improvement through hands-on property management, market repositioning, and capital upgrades. In addition to its core real estate portfolio, Diamond Properties also operates a number of entertainment properties including Grand Prix New York Racing, Spins Hudson, and the Spins Bowl chain of entertainment centers.
“We are excited about the acquisition of the Danbury Ice Arena and we plan to undertake a significant renovation and upgrade to the facility, similar to what we have done to many of the entertainment properties we have purchased in the past,” said Bill Diamond. President of Diamond properties. “We have a terrific team in place and we have some exciting plans that includes bringing back professional hockey that should prove to be very popular to the surrounding Danbury community.”
In addition to acquiring the property, Diamond Properties has partnered with Danbury-based sports executive Herm Sorcher to revitalize the arena’s offering including bringing back professional hockey to the city of Danbury. “I have been very fortunate to have been part of some incredible moments in this building. I can’t say it enough how much I love this arena and walking through those doors. I am beyond honored to have Diamond Properties as partners as we focus our efforts towards bringing a world-class entertainment facility and Minor League hockey team to this deserving community.” Sorcher, who started his professional career in 1989 with the National Hockey League’s Hartford Whalers, was part of the ownership group that led the 2012-13 Danbury Whalers to the Federal Hockey League Championship.
Plans are in the works to expand the entertainment offering as soon as this summer, and professional hockey will be ready for the upcoming season. A name and branding for the team are to be released shortly.
From Eagle Ice Sports, the previous owners of the building - The Hall Family and the Management of the Danbury Arena would like to thank the Danbury skating, hockey and business community for their support over the last 18 years. We have enjoyed being part of Danbury, Fairfield County and the Housatonic Valley as we provided safe, affordable, and family oriented activities and programs for so many people over the years. We took great pride in working with the City of Danbury to help make the Danbury Arena a reality that brought skating and ice hockey to a whole new community of people.
We wish Diamond Properties and their Management Team well in their new endeavor. We are confident that their experience and vision will take the Danbury Arena to new places and that they will continue the tradition of the Danbury Ice Arena as the cornerstone of the city center of Danbury.
About Diamond Properties:
Since Diamond Properties was founded in 1993, we have acquired in excess of 70 properties, including office, medical, industrial, retail, entertainment, self storage, residential, lodging, and land, in 7 states, and currently own over 60 of those properties, totaling in excess of 12 million square feet. We continue to pursue a capital improvement and leasing program that, when combined with quality-driven customer service, has enabled us to deliver consistently high tenant satisfaction and lease renewal rates.