Belpointe Prep LLC, a Greenwich-based qualified opportunity fund, has completed the acquisition of 1750 Storrs Road in Storrs.
The acquired property is a 19-acre development site located near the University of Connecticut campus. The plans to build a mixed-use development at the site consisting of five three-story apartment buildings that will be used for student housing and approximately 48,000 square feet of office and retail space.
“This investment presents a tremendous opportunity due to the extreme disparity between student demand and supply of available housing units,” said Brandon Lacoff, Belpointe”™s CEO. “We are excited to begin construction on this development so we can provide desirable rental housing to the growing student population.”
