Old Lyme Landing

About Old Lyme Landing

Cushman & Wakefield Multifamily Advisory Group is pleased to offer Old Lyme Landing for sale, a 38+ acre residential development opportunity located in the shoreline town of Old Lyme, Connecticut. The property is located immediately off Interstate-95, offering future residents convenient access to the region’s major employers, shopping, entertainment and recreational amenities in Old Lyme and the surrounding communities.

Rare Development Opportunity: 38± acre buildable site in an ideal commuter location immediately off I-95. The opportunity to build a multifamily project of scale in a town like Old Lyme is extremely rare. The town has virtually no apartment inventory and with zoning, infrastructure and physical constraints the prospect of other new supply is very limited.

Multifamily Development Potential: Preliminary conceptual plans call for +/- 230 multifamily and townhouses units. Connecticut’s 8-30g law provides a clear permitting path for the project, with the town well under the 10% threshold. 8-30g requires 30% of the units to income/rent restricted in exchange for a streamlined permitting process with the state.

Process & Pricing

Old Lyme Landing is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering materials and access to additional due diligence information. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”.