Take Stonington and Old Lyme, for instance. On the surface, they are similarly wealthy towns with a rich maritime history. But when it comes to development, Old Lyme is much more restrictive and Stonington a bit more commercial. So perhaps it should be no surprise that one of the most extensive projects in the region just got underway off Route 2 in Pawcatuck, where Old Lyme developer Michael Lech is helping oversee a $50 million-plus plan to build about 500,000 square feet of apartments, retail, offices and commercial spaces expected to make a significant addition to Stonington’s tax base while providing a good amount of affordable housing in a village atmosphere. Lech’s company has combined forces with Trio Properties LLC of Glastonbury to complete Stonington Village, the first phase of which should be ready in a little over a year. They held a ribbon cutting last month with development partners Colliers Engineering & Design, KBE Building Corporation and Liberty Bank to celebrate the project’s beginning phase with dignitaries including U.S. Rep. Joe Courtney, D-2nd District, and U.S. Sen. Richard Blumenthal, D-Conn.
https://theday.com/news/728722/whats-going-on-big-project-underway-in-stonington/