Downtown Mystic Buzzing with Activity
The Central Hall Block construction is part of a wave of new projects and new businesses as well as longer-range development concepts in Downtown Mystic.
Here’s the latest on development in the works or in the planning stages.
Downtown Mystic is nearing full capacity with few vacancies as a result of its customer demand, density and mixed-use pattern. The redevelopment at Central Hall Block will assist in filling consumer and residential demand for space in Mystic. At this time, two of the seven retail spaces on the first floor of the building are leased - one of those units is targeted for completion by October. When the overall project is complete, there will be a total of 12 apartment units in the upper floors in addition to the retail space on the main floor.
Mystic River Bank building
Citing changes in customer habits, the Bank of America offices at 54 West Main Street in Mystic closed its doors in May 2018. Built in 1851, the Mystic River Bank building has housed financial institutions since its construction. In fact, the building lends Bank Square its name.
However, the building could readily be made to accommodate a new use moving forward. The property offers significant value due to its prominent location and building size. The property was put up for sale following the Bank of America closure in May and the owner began accepting bid offers. The deadline for bids was on Monday, July 30, 2018, and indications are that there was interest from numerous parties.
Other Business Activity
The site of Coldwell Banker Real Estate offices at 3 Water Street has been listed for sale. The listing also includes the rear property, which is currently leased, as well as 20 parking spaces. Located adjacent to Sift Bake Shop, this location is in the heart of pedestrian activity on Water Street.
A new sports bar & grill is anticipated at the former site of the Voodoo Grill, while the site of Zhang's is expected to be renovated for a new tenant as well. Barley Head Brewing celebrated its one-year anniversary at its Factory Square location in July.
As a result of Mystic’s growth and Adam Young’s selection as the Best Baker in America, Sift Bake Shop is in high demand. The location has experienced a significant increase in business since Adam’s appearance on Food Network in May of this year.
Other recent business openings include Samurai Noodle Bar and Grill, which is holding a ribbon cutting on Monday, August 6, and The Kula Project at 37 Water Street, a yoga studio which features a juice bar as well as paddleboard rentals.
On the Stonington side
Viewing Mystic as a cohesive mixed-use district crossing into two municipalities, developments on the Stonington side seem to mirror the activity level on the Groton side. Just across the bridge, the new home of the restaurant Bravo Bravo is under construction, facing the Whaler's Inn hotel.
Most notably, the owners of Noank Shipyard are proposing a new mixed-use development at the 11-acre Seaport Marine site on Washington Street in Stonington. The proposed build-out of the project includes over 50 housing units, an additional restaurant to complement Red36, a 40-room hotel, event space and a boardwalk that is open to the public. As a part of this conversion, boat repair activities which now occur at the Seaport Marine site will be consolidated on Noank Shipyard.