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Two vacant parcels in a prime development area of North Haven have been sold for a combined $6 million.
The properties at 405 and 417-425 Washington Ave., sit directly adjacent to the new Amazon fulfillment center, and are some of the last open parcels along the commercial stretch of Washington Avenue, Route 5.
The 9.1-acre parcel at 417-425 Washington Ave., sold for $4.25 million. The smaller 3.3-acre parcel at 405 Washington Ave., sold for $1.75 million.
Both properties were owned by CRA NH LLC, an affiliate of New York-based Rabina Properties and Maidad Rabina, to LGID NY LLC and principal Elchonon Shilian of Brooklyn, New York, in a deal recorded June 23.
Rabina also sold the 168-acre Amazon site when the fulfillment center was built in 2019. The sale of these two parcels mark the last property Rabina owns in the area, North Haven First Selectman Michael J. Freda said.
Frank Hird, a broker for Branford-based OR&L, which had the listing, said the two parcels are prime for development in the industrial zone, which allows for uses such as hotels, retail, and mixed use.
Shilian has not laid out any plans yet for the property, but Freda said he is working with the new owner to finalize development ideas.
“There will be something new and exciting there,” Freda said, adding that no apartments will be built on that site.
Development ideas include restaurants, commercial buildings and a hotel, he said.
The sale marks a major milestone in the economic development strategy Freda has been building for years, he said, and the sale came after years of demolishing buildings and site remediation preparing for the project.
“This is the culmination of four years worth of effort to try to bring this to this stage,” Freda said.
Any development plans will have to go through the land use application process.
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