Developer outlines $100 million second phase for Perkins Farm project in Mystic

Developer David Lattizori is proposing a $100 million expansion to his Perkins Farm development, which calls for a 72,000-square-foot medical building and a second 121-unit apartment complex. The first phase of the project, valued at $85 million, contains a 50,000-square foot Hartford Health Care medical building that opened in January 2020, as well as 121 luxury apartments known as Harbor Heights and 50 town houses. Lattizori told the commission that phase two would create an addition 100 permanent jobs on the property. Phase one also created 100 permanent jobs. He also said that when the entire project is done, it would generate an estimated $2.6 million a year in tax revenue for the town. In 2018, residents overwhelmingly approved a seven-year tax break for the project, which Lattizori said was essential in order to secure private financing and build the costly infrastructure.

https://www.theday.com/local-news/20210914/developer-outlines-100-million-second-phase-for-perkins-farm-project-in-mystic

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