One King LLC had a contract to be the preferred developer for One King Place, the site of the former Meriden-Wallingford Hospital, which has been vacant for 24 years. A similar agreement with One King to rehabilitate a former medical office building at 116 Cook Avenue has also ended. The contract for the hospital site was negotiated in 2016. The end of the agreement returns the city back to square one, but $4 million in city and state dollars spent on remediation work already could be attractive to a new developer, city officials said. The demolition will pave the way for deepening and widening the channel of Harbor Brook that flows under the former bank. The section of the brook is a significant choke point that permits water pooling on Hanover Street and Cook Avenue. The upgrade could help attract investors to the two blighted buildings.
https://www.myrecordjournal.com/News/Meriden/Meriden-News/City-ends-deal-with-former-hospital-developer-old-bank-to-be-razed.html