June 21, 2024
Property

AvalonBay Property Listed For $5.9 Million In Milford


MILFORD, CT — AvalonBay is selling its Milford property for $5.9 million. The 42-acre lot is located at 0 Wolf Harbor Road, according to a real estate listing.

The developer took the city to court about 20 years ago seeking the rights to build a senior housing complex at the site, according to The Milford Mirror. Plans were eventually approved that allowed building 160-age-restricted homes at the site.

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The permits for building such a project are included in the $5.9 million price tag. The parcel’s listing agent told The Milford Mirror that the property could be developed as originally intended, but there has been interest in the property from a range of developers.

A real estate listing for the property calls it an “excellent development opportunity in the lovely waterfront community of Milford, CT.” It also notes that the parcel was previously approved for a 160-unit 55 and over community and is in “close proximity to the Wilber/Merritt Parkways, Milford Connector to I-95 and the Housatonic River.”

The property is also being offered “as a single-family lot subdivision per the current zoning regulations with a quick close.”

AvalonBay is a national developer with residential developments in California, Florida, Texas, Maryland, and elsewhere. In Connecticut, AvalonBay has a presence in several towns like Shelton, Fairfield, Darien, Wilton, and New Canaan.



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