May 6, 2010 | last updated May 29, 2012 7:15 pm

CT selling Bristol armory for $305K

The state has tentatively agreed to sell its surplus downtown Bristol Armory for $305,000 to local developers who want it for an indoor roller blading/hockey arena, restaurants and offices.

The state Department of Public Works announced that developers Alfred "Fred'' Morrocco Jr. and Robert Cohen, both Bristol lawyers, submitted the winning proposal for the 33,426-square-foot former armory at 61 Center St.

DPW and Armory Associates LLC will now hammer a formal purchase agreement, which must clear scrutiny of various state and legislative bodies, including the attorney general, the agency said.

Late Thursday, Morrocco said an arena is only one of a number of potential uses but would first require a city zoning change. Other uses, along with restaurants, he said, include a movie theater, gymnasium and offices.

The building will require modernization before the developers can even think about tenants.

"The place needs a lot of tender loving care,'' he said.

He said his investment group expects to invest as much as $1 million in repairs to the 87-year-old building, including a new roof and windows, and electrical, plumbing and kitchen upgrades.

The armory is among surplus state assets for sale to reduce overhead.

Comments

Type your comment here:

Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

 
Today's Poll
ADVERTISEMENTS
Most Popular on Facebook
Copyright 2017 New England Business Media