Stamford was founded in 1641. Now it is a suburb of New York City and is connected to it by highways as well as a commuter railroad. The city borders New York State on the north and has a Long Island Sound coastline on the south. The Stamford area is one of the most expensive real estate markets in the United States.
During the late 1960s and early 1970s, the downtown area was extensively demolished as part of an urban redevelopment program. Rebuilding began in the early 1970s with the One Landmark Square, St. John's Towers, Bayview Towers, and the One Stamford Forum. Construction has continued steadily with both office and residential towers, transforming Stamford into an important urban center.