Deal for Redding, Connecticut project is off

Georgetown Land Development Company no longer has a contract to sell its 55-acre transit-oriented development in the Georgetown section of Redding, Connecticut, to a new owner, Georgetown Green LLC. The company is looking for alternative buyers or investors for the site so that the project can be built in accordance with plans approved by the town.

The cleaned-up brownfield site is to include a mix of residential, commercial, and retail development in renovated industrial buildings of the former Gilbert & Bennett wire mill and in new construction, served by a future station of Metro North Railroad. The company “is optimistic about the efforts to recapitalize the project and expects that implementation of the approved Master Plan will commence as soon as market conditions allow,” Georgetown Land said in a press release. To read the Weston Forum story, click here.

 

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