Town officials unanimously approved a 10-year tax abatement for the $100 million redevelopment of the “blighted” former Red Lion Hotel property on Route 372 that would allow the property owner to pay no taxes for the first two years. Lexington Partners, a Hartford-based real estate development firm, has already received Planning and Zoning Commission approval to build some 254 studios, and one-, two- and three-bedroom apartment units with 38,000 square feet of retail space at Berlin Road. There will also be 20 condominiums for sale. The property owner is M350 Berlin Land Holdings of California, according to the assessor’s database.
https://www.stamfordadvocate.com/news/article/cromwell-housing-project-berlin-road-18433742.php