 (1).png)
News:
Owners Developers & Managers
Posted: June 26, 2026
Institutional Property Advisors offers multifamily development site for sale
Groton, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap, has listed for sale a 33-acre multifamily development site.
“The site is an as-of-right, 100% market-rate multifamily development opportunity that supports the construction of approximately 460 units,” said Victor Nolletti, IPA executive managing director investments. Nolletti and Wes Klockner of IPA are representing the seller, L & L Groton LLC. “The seller has advanced entitlements and technical due diligence that substantially mitigate execution risk, allowing the buyer to focus on final design, capitalization, and development,” added Nolletti. “The property is ideally suited for a developer seeking to deliver a landmark multifamily project in one of Connecticut’s most resilient and durable growth corridors.”
The site is located at 1214 Gold Star Hwy. in the commercial regional zone, five miles from General Dynamics Electric Boat.
“In April 2026, Electric Boat announced plans to hire approximately 8,000 additional employees by the end of 2026, the largest single year hiring initiative in the company’s history,” said Klockner. “The expansion is supported by more than $15 billion in U.S. Navy submarine contracts that extend through 2035, reinforcing Groton’s position as one of New England’s most durable employment centers.”
The United States Coast Guard Academy and the New London train station are nearby, and the Groton-New London Airport is within a drive. I-95, I-395, and public waterfront access at Eastern Point Beach and Avery Point are within proximity.
MORE FROM Owners Developers & Managers
Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel
Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
 (1).png)
Columns and Thought Leadership
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul
Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
August Promotion
