Former Chester College site sitting largely due to lack of interest
A division of People's United Bank purchased the property at an auction sale in February, according to officials.
There hasn’t been much activity since the auction, said Cynthia Robinson, planning coordinator.
The approximately 68-acre parcel that was purchased by the bank is being marketed by the NAI Norwood Group of Bedford, said Chris Norwood, of NAI.
Last year, local developer Peter Smith proposed converting the former campus into senior housing.
But Smith has since walked away from the project because of cost and other factors, such as the number of variances that would have to be obtained, Robinson said.
- How much more would prices have to rise before you'd consume less?
- I've already cut back
- More than 100%
- Total Votes: 63
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