WWE’s longtime headquarters Titan Towers has been sold with the new owners intending to convert it into an apartment complex.
According to CT Insider, the six-story building located at 1241 E. Main St. on Stamford’s east side has been acquired by real estate firm MB Financial Group for $3.75 million.
The firm which has previous experience in redeveloping big buildings into residential properties, intends to do the same with the old WWE HQ:
“Our intention is definitely to do this within the existing building,” said Michael Massimino, CEO and Managing Partner of MB Finance “Right now, we’re in our conceptual phase, as far as laying out density and common-area amenities.”
Once the plan for the redevelopment has been approved by local zoning officials, the new owners of the Titan Towers are expecting the whole process to be complete by the first half of 2027, with more than 80 residential units available for people.
The decision to sell Titan Towers came after WWE announced intentions to move its headquarters to downtown Stamford back in 2019. The move that was delayed due to the pandemic finally began in 2023 and the building at 1241 E. Main was then put up for sale in mid-2024.
The wrestling giant also recently completed the sale for its old production studio located at 120 Hamilton Avenue, Stamford. The studio was acquired by V20 Group for approximately $7.5 million