Town officials have confirmed that a developer will soon break ground on an affordable housing complex near Rocky Neck State Park. The project, now known as Rocky Neck Village but which was originally proposed in 2013 by New London-based developers Jag Capital Drive LLC, now has all the permits it needs, Zoning Official Bill Mulholland said last week. According to a plan submitted to the town, Georgia-based developer Harold Foley of HF3 Development Group LLC plans to build 56 apartment units, 36 of which, or 64%, will be designated as affordable housing. According to the town records, JAG still owns the property, but Foley has said he has signed a contract to purchase the property once he obtained all the necessary permits from the town. Foley estimated last year the project would cost about $20 million to construct.
https://www.theday.com/local-news/20200816/east-lyme-affordable-housing-complex-to-break-ground