Oheka Castle Goes to Auction with Development Rights in Connecticut
1 report, 1 independent
Updated Sat 00:00
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What happened
Oheka Castle, which previously housed the Eastern Military Academy from 1948 to 1979, is scheduled to go up for auction following a bankruptcy proceeding. Potential buyers are eligible to acquire the property, its development rights, and its hospitality operations.
From newsday.com
Why it matters
The auction includes the option for the next owner to build a four-story, 95-unit condominium complex on the estate's grounds. The sale involves the transfer of significant real estate and development rights within Connecticut.
From newsday.com
Who's involved
- ConnecticutState where the property is located