The following is a message from the Suffield Director of Economic Development:
A market analysis for a 30-acre redevelopment site in Suffield's town center is now available for review.
The study was conducted by Camoin Associates, an economic analysis firm from Saratoga Springs, NY. The analysis suggests that residential apartments, medical offices, local serving retail and a pharmacy are appropriate for this property.
The redevelopment entails a former lumberyard as well as the town's highway garage. In 2004 the land was rezoned from industrial to the town center village district. This new zoning designation allows this area to be developed with a mix of retail, office and housing components. This is a key area to help create a vibrant center for the community and help generate new property tax revenue.
Camoin Associates will now work on the financial feasibility and fiscal impact of the redevelopment.
The study is funded in part by a $10,000 grant from the Connecticut Main Street Center's "Preservation of Place" program.
We expect a completed report in June and will conduct a public informational meeting at that time.