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Coach Homes in Ridgefield moving toward closing date

A developer has made it through the approval process to start the first development at former Schlumberger site in Ridgefield.  The 10 acres of town owned land was approved for sale to Charter Group Partners LLC in February for $4.3 million. 


The Coach Homes off Sunset Lane includes 9 townhouses and three buildings with 45 one-level two bedroom apartments.  The 54 units of luxury housing would be for people aged 55 and older.  A small clubhouse is also proposed for the site.  According to the developer's website, the units are expected to sell in the $450,000 range. 


First Selectman Rudy Marconi says they are looking at a closing date of October 15th.  Charter Group partner Martin Handshy asked the Ridgefield Board of Selectmen for permission to get access to the site from now.  Handshy wants to move some constructions trailers there, mow the lawn, clean up the property and clear a treeline where he wants to put the silt fence.


The Ridgefield town attorney has drafted an agreement with Handshy's attorney that would have a bond in place, the necessary liability insurance and some assurances.  If for some reason the project were to halt, and Handshy were to pull out of the site, whatever he has done will not be a negative impact to the property so as to create a financial burden for the town.