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January 10, 2025

Jeweler Lux Bond & Green to open Mystic location following $2.95M building purchase

Mystic 49-53 West Main St.
By Michael Puffer

West Hartford-based jewelry store chain Lux Bond & Green aims to open a new store in the seaside village of Mystic in early 2026 following its recent $2.95 million purchase of a downtown property.

In a sale recorded Nov. 27, a limited liability company affiliated with Lux Bond & Green bought two attached retail buildings, totaling 6,742 square feet, at 49-53 West Main St. The property is in the portion of Mystic Village inside the town of Groton. It had most recently hosted Bank Square Books, which moved to a nearby location.

The Greenwich-based LLC that sold the property lists Charles Royce and Annie Philbrick as principals. Philbrick owns Bank Square Books.

Lux Bond & Green launched 127 years ago in Waterbury. Today, it has locations in Glastonbury, Westport, West Hartford and in the shops at Mohegan Sun, as well as in Wellesley, Massachusetts.

“It’s a wonderful community with a long history,” Lux Bond & Green Marketing Director Sarah Karp Ward said of Mystic. “It has been such a great tourist hub. It’s just a great area to be a part of, a great community to be in.”

John Green, the fourth-generation head of the family-run jewelry company, said the area has seen rapid growth with new restaurants, shops, hotels and attractions.

“Our family looks forward to collaborating closely with the community to enhance the already exceptional experiences that make this area so special,” Green said.

The Mystic location is a “significant step” in a careful expansion throughout New England, according to Lux Bond & Green.

John J. Cafasso, principal at Colliers, represented Lux Bond & Green in the property purchase.

“This sale represents not only a prime real estate investment but also a meaningful step in the growth of a beloved New England brand,” Cafasso said. “The vibrant community of Mystic provides the perfect setting for Lux Bond & Green’s continued success.”
 

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