Groton’s unused properties generating interest

16 Dec 2018

Economic Development

Groton is having what Economic and Community Developer Paige Bronk describes as "a convergence" of three redevelopment projects that could become public as soon as early 2019, if all goes as anticipated.

Discussions are underway with a preferred developer, selected through a request for proposals process, for each of three properties — Mystic Education Center, 517/529 Gold Star Highway and the former Groton Heights School — though no contractual obligations have been made yet, Planning Director Jonathan Reiner said.

Reiner and Bronk said the projects come amid the town's strategy to market the excess properties as redevelopment opportunities, where the developer proposes a use for the property that fits the community's needs, rather than real-estate transactions, where the property is simply purchased.

Click here for the full article