A Greenwich developer’s plans to build 170 age-restricted apartments for seniors on town-owned industrial land took an important step forward when Newtown agreed to rezone the property, clearing the way a final detailed review of the multimillion-dollar deal. Newtown in August reached a deal to sell the property to Teton Capital Co. of Old Greenwich to develop about eight acres with three- to four-story apartment buildings, and to preserve the rest of the land as open space. Newtown’s five-member Planning and Zoning Commission gave its unanimous backing for the zone change, clearing the way for Teton to submit a detailed site plan, when issues such as traffic, safety and aesthetics will be debated. Depending on the number of apartments approved, the sale would bring Newtown between $3 million and $4 million.
https://www.newstimes.com/local/article/Newtown-rezones-40-acres-of-industrial-land-to-16603643.php?t=d01747ff42&src=nthpdesecp