Hilco Real Estate has announced a June 18, 2020 bid deadline for a shovel-ready development site n downtown Southington, Conn.
The 14-acre vacant lot is suitable for mixed use, residential, senior living, medical and commercial use as it includes three large tax lots with potential for multiple developments. It has been fully approved for 245 residential units and 22,000 square-feet of commercial space.
Southington is one of the largest communities in the area of over 43,000 people.
The property’s location in the heart of downtown Southington creates a walkable community between its adjacent parks and Center Street, which is well-known throughout the region as “Restaurant Row” due to numerous restaurants, shops and a large local brewery.
The Quinnipiac River borders the western lot line of the property with a town park to the north providing views of the natural land, which is restricted from any future construction or buildings.
Bisecting the property is the four-mile long Southington Linear Trail, which is a smaller section of the Farmington Canal Heritage Trail (FCHT). The development site spans roughly 1,000 feet along the town’s portion of the trail, allowing immediate access for its future residents.
The FCHT will be over 80 miles long when completed and currently functions as a multi-use trail suited for outdoor activities such as biking, running and walking. It is heavily used throughout the year and stretches from Northampton, Mass. down to the campus of Yale University in New Haven, Conn.
Southington is centrally located between the Connecticut cities of New Haven, Hartford, Bristol and Waterbury, and it is 80 miles northeast of New York City and 105 miles southwest of Boston.
Nicknamed “The Apple Valley” for its multitude of orchards, Southington aptly hosts an annual Apple Harvest Festival that brings in an estimated 100,000 visitors every year.
Jonathan Cuticelli, managing director at Hilco Real Estate, said, “Highways I-84, I-691 and Connecticut Route 10 are conveniently accessible here in Southington and are highly appealing as they provide direct connections to major regional arteries.
“This is a rare opportunity for a developer to purchase a fully-approved development site that is in beautiful downtown Southington, a town that grants easy access to major employment centers, has a great school system and historically has a strong financial base.”
The bid deadline is scheduled for Thursday, June 18, 2020.