68 Acre Development Opportunity Close to Casinos

The 68 Acre property is conveniently located at the highly visible, I-95 interchange (exit 92) in Stonington, Southeastern Connecticut. With excellent visibility and immediate access to and from both I-95, and CT Route 2. It’s 14 minutes to Foxwoods and 28 minutes to Mohegan Sun casinos. The subject property is also proximate to historic Mystic Seaport, and nearby Rhode Island beaches, boating and golf courses. Positioned in a growing active market which attracts approximately 70,000 daily visitors to surrounding areas. This site presents a rare opportunity for immediate development, as it has been fully engineered and approved for retail development. To that end, minimal due diligence is needed.

Highlights:

• Fully entitled retail development for 580,000 square feet

• Zoned Commercial Retail

• Permitted uses include Retail, Warehouse, Hotel, Distribution,
and Multi-Family Housing

• The town is amendable to a larger mixed-use development
totaling 780,000 SF, encompassing 600-700 multi-family units
(rental & condos), retail, hotel, and senior housing

• Electric Boat, with locations in New London & Groton, has recently
hired 7,000 employees, as part of a major defense contract
to build submarines

• Stonington, a bedroom community for New London & Groton,
is upper-middle class and experiencing renewed growth

• Many nearby towns and waterfronts are currently undergoing
periods of redevelopment and expansion