The property has been owned since 2018 under a limited liability company controlled by Senior Living Development, whose principal Mark De Pecol is CEO of KindCare Assisted Living based in Fairfield. Senior Living Development acquired the property for just under $3.3 million, with the city’s most recent appraisal calculating a value of $3.9 million. Trumbull’s head of economic development said the conversion remains an “outstanding” option for Trumbull, of the mix of possible options to redevelop the property. Trumbull has added several senior living communities in recent years as part of a larger apartment boom, with facilities including Bridges by Epoch at Trumbull, Middlebrook Farms at Trumbull, River Valley Retirement Community and Spring Meadows by Monarch. In January, the town renewed a moratorium on new apartments to analyze any impact by the Residences on Main nearing completion next to the Westfield Trumbull mall.
https://www.ctpost.com/business/article/ct-trumbull-dinardo-senior-living-48-monroe-17903472.php?src=rdctpbusiness