Residences at Groton

About Residences at Groton

Cushman & Wakefield has been engaged by Merion Ledges II, L.P (the “Owner”) to arrange for the sale or joint venture development (co-GP) of 375 Drozdyk Drive – an approved and shovel ready 195 unit ground up apartment development project (the “Property” or “Project”) located in the shoreline town of Groton, Connecticut. The Property is situated just off Interstate-95 convenient to the area’s major employers, retail and many nearby lifestyle and recreational amenities in the town of Groton.

Strategically located between New York City and Boston, the town of Groton offers excellent regional highway (Interstate 95 and 395) and rail (Amtrak and the Shore Line East Commuter Rail) access, a deep-water port, an airport, a foreign trade zone, and an enterprise zone. With a total of about 27,000 jobs, Groton is home to major employers, including General Dynamics Electric Boat Shipyard, the U.S. Navy Submarine Base, Pfizer Pharmaceutical, and Avery Point, a regional campus of the University of Connecticut. The Property is proximate to these resident demand drivers and is well positioned to capitalize on the housing demand driven by the expansion of the region’s largest employer, Electric Boat, located just 3 miles away. Electric Boat has announced plans to add thousands of jobs in Groton over the next decade.

Process & Pricing

375 Drozdyk Drive is available on an “as-is” basis and is being offered without a formal asking price. Qualified investors should sign the Confidentiality Agreement to receive the Offering Memorandum and access to the due diligence materials available in the C&W document center. Once investors have had the opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.