Developer buys Southington properties near planned condo complex

Developer buys Southington properties near planned condo complex

Record-Journal


SOUTHINGTON — Local developer Mark Lovley has purchased two downtown properties near the site of a planned age-restricted housing complex.

He bought 200 Main St. for $1.325 million and 164 Main St. for $175,000 from the Forgione Corporation. The Forgione family owned significant property in the Eden Avenue-Main Street area, but in the past few years has sold much of it.

Dollar Tree is at 200 Main Street. Pizza House is at 164 Main St.

Lovley couldn’t be reached for comment Friday on his plans for the buildings. The transactions were recorded in late August.

He contracted with the Forgione family several years ago to buy properties on Forgione Drive off Eden Avenue near the recently purchased buildings. Lovley planned age-restricted luxury condos and townhouses, which were approved by the Planning and Zoning Commission several years ago.

He modified his plans and he’s now allowed to build a three-story condominium building with 41 age-restricted units and 23 townhouses open to all ages.

Earlier this year, New Jersey-based Diversified Realty Advisors bought the properties from Lovley. Diversified had considered buying the Greenway Commons project downtown as well but withdrew from the deal.

The Eden Avenue property, which totals about three acres, includes several houses that would have to be demolished before work can begin.

jbuchanan@recordjournal.com
203-317-2230
Twitter: @JBuchananRJ


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