Lots of changes coming to this neck of the woods!

Banker + Tradesman is reporting that a Connecticut developer has purchased the Greyhound bus garage located at 571 East First Street for $19.4 million! Wowza! 

Stamford-based Twenty Lake Holdings acquired the property and received $24.5 million in mortgage financing from ConnectOne Bank on Jan. 24th. 

According to the listing via Chusman + Wakefield, the 1.4 acre property was described as a “tremendous value-add and large-scale multifamily development” site and is zoned for 173,000 square feet of development by right.  There is also a short-term lease with Greyhound.  

The fact that this piece of property sold is really no surprise considering its location across the street from the 776 Summer St. project – aka the old Edison plant redevelopment.


  1. George February 23, 2023 at 1:21 pm - Reply

    There goes my neighborhood as well as parking

    • Georgi March 6, 2023 at 8:33 pm - Reply

      I feel ya!

Leave A Comment