Shelton Economic Development Corp. President Sheila O’Malley said the city is hoping to be awarded roughly $4 million in state grant money to remediate 235 Canal St., former home to Apex Tool & Cutter Co. The money will be used to remediate the property, which is owned by the Watts estate but under contract to developer John Guedes of Primrose Companies. While no plans have yet been filed for the site, O’Malley said Guedes is preparing plans for a 100-unit apartment complex with a two-level parking garage dubbed The Riverbank. O’Malley said this project will require some $25 million in private investment. This is Guedes’ latest development along Canal Street. He said the combined total of units built, units under construction and the soon-to-be filed new building brings his total to 697. These two projects presently under construction are close to $40 million.
Shelton close to $4M in state funds to remediate Canal Street site for apartment plan
