The City Council has approved an agreement with New Colony Development Corp. that will bring the Sessions Building one step closer to being cleaned up and redeveloped into apartments. New Colony will act as a brownfield land bank to clean up the industrial property at 273 Riverside Ave. and eventually transfer it to a public-private partnership between Vesta Corp. and the Bristol Housing Authority. The agreement calls for New Colony to buy the building for $1 from J.H. Sessions & Son, settle tax liens of almost $1 million with the city, and arrange for relocation of the current occupants, while the city reimburses the costs of the cleanup. Once the pollution is cleaned up, the property would be transferred to the new owner, Vesta/BHA Joint Venture, to begin construction on market rate apartments. Their construction partner will be D’Amato Construction and the architect will be Quisenberry, Arcari and Malik of Farmington.
http://www.bristolpress.com/BP-Bristol+News/385148/sessions-building-one-step-closer-to-being-cleaned-up-redeveloped