Glastonbury office purchase for potential affordable housing redevelopment moves forward

According to the Hartford Business Journal, Glastonbury officials recently approved plans for the town to purchase a 10.86-acre office-building property. The property at 50-55 Nye Rd is being considered for an affordable housing redevelopment. Per the article, “…the original purchase price of $3.4 million has been reduced to $3.15 million, and discussions are currently in progress with the current tenants of the property to establish a mutually agreeable lease term for the next few years, before the town potentially redevelops the property into affordable housing.”

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