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September 21, 2023

Developer pays $1.15M for 137 acres in East Windsor; eyes apartments, houses and commercial projects

Google The location of 137 acres purchased in East Windsor.
By Michael Puffer

A partnership helmed by Shelton-based real estate developer, broker and financier James Cormier recently paid $1.15 million for 137 vacant acres in East Windsor with hopes of building a mix of housing and commercial uses.  

Branford-based real estate lending company Sachem Capital Corp. sold the properties at 55 Winkler Road, 120 North Road, 173 North Road and two additional, unnumbered North Road addresses to a limited liability company helmed by Cormier in a deed logged by the town on July 14.

Cormier met with East Windsor development staff earlier this month, seeking input ahead of design planning. Cormier said at least half of the site is wetlands, which are still being mapped.

Cormier said he believes development will be clustered in three or four spots that weave housing and commercial spaces into the landscape while avoiding wetlands.

Cormier said his first meeting with town staff was “very encouraging.” They are seeking reasonably affordable housing that will attract families, so Cormier said he’s planning a mix of apartments, townhomes and single-family houses, along with commercial buildings.

“They are a very progressive group looking to bring responsible development,” Cormier said. “We will modify as we go along to work with their needs and wants.”

Cormier said he has a partner with a 20% stake in the East Windsor venture.

Cormier is also currently working with Naugatuck officials to permit a 475-unit apartment complex. Half of those units would be designed as “workforce housing,” helping the borough meet the state’s goal of having 10% of the community’s housing priced at affordable levels, he said.  


 

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