Shelton property sells for $6.6 million; nine-building complex planned

Developer Fountain Square LLC has bought 801 Bridgeport Ave. in Shelton for $6.6 million from The United Illuminating Co.

According to Coldwell Banker Commercial NRT Senior Vice President Chris O”™Hara, who represented UI in the transaction, the property consists of 104,000 square feet of office/warehouse and vehicle maintenance facilities.

Fountain Square has received approval from the city to develop the site into a 125,000-square-foot, nine-building complex with a 123-room hotel, office building, restaurants, retail stores, pharmacy, bank and coffee shop.