Potential Buyer of Most of Thorndal Circle Office Park Proposes Building 175 Homes There
|
Most of the office park at Thorndal Circle is close to being sold to TC Northeast Metro Development Inc., which is proposing to demolish five office buildings and construct five residential buildings with 175 homes, according to filings with the Darien Planning and Zoning Department. The proposal will be the subject of a public hearing by the town Environmental Review Commission at 7 p.m., today, Wednesday, May 22 in Darien Town Hall, Room 119. If approved and built, the 11-acre development will be one of the biggest in town, comparable to the Corbin District downtown as well as Darien Commons and Heights Crossing in Noroton Heights. Cushman & Wakefield Capital Markets, a large commercial real estate firm that represents the owners, says on its website that the Thorndal Circle property is “under contract,” a real estate term meaning “the seller has accepted an offer, but there are still conditions to clear before closing,” according to Opendoor, a San Francisco-based real estate company. Although the reasons for the buyer to have conditions before actually acquiring the property are unclear, the decisions town land use boards make on whether to approve the project and under what conditions could potentially make the buyer cancel the deal, likely putting the property back on the market.