February 2017 (Denver, CO) — RESIGHT Holdings, LLC and Eclipse Development Group through Double A Development Partners are pleased to announce the acquisition of 201 Munson Street. This overgrown 12.9-acre parcel adjacent to The Science Park in New Haven, Connecticut has been fallow for over twenty years.
Double A Manager and RESIGHT CEO, Brent Anderson said, “We are officially the proud owners of 201 Munson Street and I look forward to a new future for this property. This project is consistent with our mission to transform idle real estate into a valuable and productive asset for the community.”
In collaboration with the City of New Haven, Double A envisions a residential redevelopment in this prime location near Yale University and surrounding neighborhoods.
Both New Haven and the State of Connecticut have been very supportive of brownfield projects and the revitalization of this area. Double A is currently working to receive the entitlements, including environmental and land use permits. Once received, Double A intends to conduct needed soil remediation through licensed environmental professionals (LEP) pursuant to the Connecticut Real Estate Transfer Act. Construction is scheduled to begin by summer 2017.
If you would like more information about RESIGHT, please contact Alexa Morr at 303-972-6633 or email at amorr@staging.resight-ai.com. You can also visit RESIGHT’s website, www.staging.resight-ai.com or Eclipse Development Groups, http://eclipsedevelopmentgroup.com/
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About RESIGHT
RESIGHT is a premier property acquisition and redevelopment company specializing in infill and surplus properties. RESIGHT acquires, remediates and repositions distressed and impaired real estate in primary markets throughout the United States. Unique in the ability to combine significant capital resources with in-house, regulatory and technical expertise, risk management, land planning and development expertise to rehabilitate unproductive real estate assets and underperforming balance sheets.
With more than three decades of experience in redeveloping environmentally impaired real estate, RESIGHT provides the resources needed to transform impaired assets into productive, sustainable holdings by overcoming the complex financial, risk and legal obstacles that typically derail real estate redevelopment projects.
RESIGHT has the ability to close transactions on an all-cash basis and we have a proven track record of achieving environmental site closures in support of the highest and best reuse for industrial sites, institutional assets and former brownfield sites across the country.
About Eclipse Development
The executive team of what is now Eclipse Development Group began their journey in the retail real estate world in the 1980’s with the development of several small strip centers across southern California.
In the early 1990’s Eclipse Development team joined forces with a well-established developer who specialized in apartment, industrial and office product and together, took a few steps into the commercial retail arena. It made for a very successful combination of talents and was the start of many prominent shopping center developments that still enhance their communities today.
Eclipse Development Group, LLC was formed in November of 2002 to continue the history of its founders for the development of larger pride of ownership retail centers with a sense of place. Eclipse Development Group has completed almost 10 million square feet in the development/redevelopment of infill sites that have stymied other developers and achieved a timely completion of developments that enhance every community of which they are a part.
