Sale and Redevelopment of former School (Groton, CT)

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Former William Seely elementary school

Groton, CT
Sale and Redevelopment of former School (Groton, CT)

Proposed "Triton Square" development

THE CHALLENGE

The Town of Groton engaged GOMAN+YORK’s advisory and brokerage teams to devise a strategy to sell and redevelop the 14-acre property known as William Seely School. The 57,000 sq. ft. former elementary school, which had been vacant and underutilized for many years, is situated on a highly trafficked area at the junction of Interstate 95 and State Routes 12 and 184.

Immediate Issues
  • Vacant former school property had been for sale and costing the town money for over a decade.
  • Complicated and expensive demolition of the existing building was necessary.
  • Geotechnical challenges to develop the land.
  • Previous development plans/deals had failed over the past several years.

OUR SOLUTION

Sale of property to North Haven, Connecticut-based DonMar Development, for proposed "Triton Square" - a development of over 280-unit apartment complex, replete with many modern features and amenities, as well as public access to walking trails and potential development with adjacent property.

Planning and Processes
  • Developed a targeted marketing plan and process seeking the highest and best use for the property that would provide multiple benefits and enhance the community.
  • Participated, alongside town staff, in administrative and public strategic planning and approval meetings.
  • Managed the developer outreach, selection and negotiation processes.