With Constitution Boulevard extension work nearly underway, the city has secured deals with companies to buy land on the Mas property and adjacent city lots to which the new road will connect. The price for the land ranges from $85,000 to $125,000 per acre to various groups for use in industrial and retail capacities. Lauretti said he placed the $85,000 per acre price on the land after discussions with the city’s appraisal company. He said the acres being sold are “raw land. There’s no utilities, and its rough terrain. A lot of sitework will be needed” he said, adding “The price is reflected in the condition of the land.” Lauretti said Constitution Manufacturing, already Shelton-based, specializes in steel manufacturing and plans to build a 40,000 square foot building. Kyma, LLC, specializing in interior audio design and consulting, plans to build a 50,000-square-foot building.
https://www.ctpost.com/news/article/Shelton-Mas-property-Mayor-Mark-Lauretti-17508224.php?src=rdctpdensecp