ThayerMahan, a Groton-based marine technology company, no longer plans to redevelop the Groton Heights School property, located in the city near the Bill Memorial Library and Fort Griswold, as its headquarters and research and development center. The growing company, which is located at 120 Leonard Drive in Groton and has more than 100 employees, was looking for additional space and had planned to redevelop the town-owned Groton Heights property. A town and city committee had selected ThayerMahan as the preferred developer for the roughly 2-acre former elementary school property, located at 244 Monument St., which has been vacant since 2007. Jon Reiner, the town’s planning and development director, said the Groton Heights School, like many older buildings, faces issues, such as lead, PCBs, asbestos and mold, and also has to be brought up to building and fire codes. As ThayerMahan was doing its due diligence on the property, the company realized the extent of the environmental remediation on the property was more than anyone originally thought.
https://www.theday.com/local-news/20230301/thayermahan-cancels-plan-to-redevelop-groton-heights-school/