Newtown Inches Closer To Senior Homes On Town-Owned Land: Report

Newtown CT

09 November, 2021

9:59 AM

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NEWTOWN, CT — An age-restricted housing development is slated for a 42-acre town-owned parcel in Newtown after the property recently was rezoned to allow for the complex, reported the News-Times. Old Greenwich-based Teton Capital Co. has negotiated to buy the property and build 170 units for senior citizens on about 8 acres and save the rest as open space. Each of the buildings is expected to have underground parking in an effort to preserve the site's natural beauty. The town's Planning and Zoning Commission unanimously approved the rezoning effort. Newtown reportedly could make as much as $4 million from the sale of the property, which rests next to the 34-acre Catherine Violet Hubbard Animal Sanctuary. Read the News-Times story.