FOR IMMEDIATE RELEASE – July 3, 2018
R. CALABRESE AGENCY, LLC SELLS 8 ACRES IN MANCHESTER, CT
Manchester, CT… Ralph Calabrese and Tony Valenti of the R.Calabrese Agency, LLC recently completed the sale of 8 /- acres located at 188 Spencer Street, Manchester, CT. The property was purchased for $1,500,000 by a REIT who in turn brought the property through the city’s approval process to allow the purchaser to develop a three-story 128,000 square foot standalone building which will house 42 one-bedroom and 86 two-bedroom apartments. A centrally located lounge and community room in the H-shaped building and a 20,000 square foot patio are also planned.
The property is conveniently located with easy access to I-84 and shopping.
The purchaser, Spencer Street Senior Housing, plans to begin construction immediately.