Council approves two notable land sales
By Steve Smith - Staff Writer
Glastonbury - posted Thu., Mar. 14, 2013
The town of Glastonbury is selling its property at 232 Williams St. – the former location of the Board of Education offices – for the sum of $600,000, minus a broker commission of $15,000. At the public hearing on March 5, the council approved the sale of the 75,000-square foot building and the 1.5 acres on which it sits.
Council members said they were glad to see the sale moving forward. “I'm glad to see this is happening,” said councilman Tim Coon. “I'm all for it. Let's go.”
“I think it's a very reasonable price,” said councilman Whit Osgood. “It's bringing the property back on the tax rolls, which again is a positive, and finally, it's preserving a historic structure.”
The buyer is Titan Energy of Rocky Hill, which is a firm that provides consulting services to businesses, and links them with energy providers. The company is expected to house their home offices in the building.
The move was approved by voter referendum in 2009, which required a public hearing process. Johnson said the closing would be expected by the end of June.
In another public hearing during the same meeting, the town also approved the sale of 7.7 acres of land off of Western Boulevard for the price of $1,575,000 to developer David Sessions for the purpose of constructing medical and professional office buildings.
Johnson said the original proposal included three 15,000-square-foot buildings, and the plan is to add buildings within the next seven years, per the special permit process. There are also provisions in the sale agreement that require a minimum of 10,000 square feet be constructed and that lease agreements for the offices be shown. Johnson said those provisions are part of the town's sale agreements for any land off of Western Boulevard, to prohibit “land banking” and make sure the land is indeed developed upon.
Johnson added that the project would be expected to be built this summer.