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34-acre market-rate apartment project in Bethel, Newtown floated

A developer of luxury apartments and modern rental communities is putting out feelers for a 34-acre market-rate apartment project in Bethel, straddling the Newtown town line.  A pre-application meeting was held by the Bethel Planning and Zoning Commission on October 26th for 97 Stony Hill Road.  Continental Global Ventures presented a conceptual drawing showing 20 acres in Bethel and the balance in Newtown, with potential for moderately priced luxury apartments.  An attorney for the applicant requested feedback from the Commission about the viability of such a development before determining if this project would be brought in as a formal application.  Staff is continuing discussion with the potential applicant and the Commission will continue their discussion at the next meeting November 9th.  The land was once part of the Franc Farm, and includes a small house and a barn.  A total of 246 units could be part of the plan.  114 units would be located in four-story buildings on the Bethel side, with 132 units in three-story buildings on the Newtown side.  There would be one and two bedroom apartments.  None are proposed be set aside as affordable under the state's 8-30(g) housing law.

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