Deal Watch Today
A 132-acre block of the above Hartford Life arrangement circuitous in Simsbury is for sale, brokers say.
National bartering acreage agent Cushman & Wakefield, which has a above Greater Hartford presence, appear Tuesday its arrangement as advertisement agent for the acreage at 200 Hopmeadow St.
A auction amount was not disclosed.
New Jersey developer-landlord The Silverman Group acquired the acreage in Dec. 2015 afterwards The Hartford Financial Services Group Inc. had won Simsbury’s “form-based code” approval to acquiesce for an aggressive redevelopment arrangement for the property.
Under the code, the boondocks and the buyer acclimatized on a preset ambit of zoning and added land-use guidelines for what can or cannot be congenital or installed, to abridge the development review-approval action and save developers time and money.
Brian Whitmer, of Cushman & Wakefield’s New Jersey office, said the buyer will accede offers for all or allotment of its Hartford Life property. The arrangement architecture has back been razed and power, baptize and avenue curve and added development basement are in place, he said.
Neither Silverman Group nor its representatives, nor Simsbury’s planning and zoning official, anon alternate buzz calls Tuesday for comment.
As accustomed and amendable by a new owner, Whitmer said Silverman Group’s absolute cipher approval allows for 215 townhomes and 270 affluence apartments, additional 71,050 aboveboard anxiety of retail and a walking/bike aisle affiliated to the Farmington River Trail,
In Aug. 2017, development began on an adjoining 40-acre parcel, accepted as The Ridge at Talcott Mountain, into apartments, retail and an assisted-living facility.
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