Middletown Seeks New Developer for Former Towne Mall Site
What happened
Midland Atlantic Properties' pre-development agreement for the former Towne Mall site in Middletown expired on March 11 after the company failed to reach a development agreement. City officials confirmed that Middletown is now working with a different developer on potential plans for the 32-acre property. Jacob Schulte, Middletown's director of community and economic development, noted that the city is working with a new development firm.
From journal-news.com
Why it matters
The expiration of the agreement marks the end of Middletown's first formal effort to redevelop the prominent site along Interstate 75. The city has been working to find a use for the property that aligns with community desires.
From journal-news.com
Who's involved
- MiddletownCity seeking a new developer for the former Towne Mall site
- Jacob SchulteDirector of Community and Economic Development for Middletown
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The entities involved
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Middletown
city in Middlesex County, Connecticut, United States