STORRS, CONN. — Tuxedo, N.Y.-based LeylandAlliance has entered into a definitive agreement with Education Realty Trust (NYSE: EDR) to develop the first two phases of the Storrs Center mixed-use project. Located adjacent to the University of Connecticut in Storrs, the first two phases will contain 290 luxury apartments over 70,000 square feet of ground-floor retail and restaurant space. EDR will develop, own and manage the apartments, and LeylandAlliance will own and manage the retail component. At full build-out, Storrs Center will contain $220 million of residential, retail, restaurant and office space in a town center setting. Other features will include a network of pedestrian walkways, green spaces and consveration areas. The first two phases will be delivered in 2012 and 2013, respectively.
A concept drawing of Storrs Center, a new mixed-use project located adjacent to the University of Connecticut in Storrs, Conn.
206
previous post