June 21, 2024

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.


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.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. View more