.

SHU Buys Former Trumbull Hardware Store Land for $4.8M

The university, in Fairfield, already has offices in a nearby Trumbull business park.

Sacred Heart University has bought the Henderson Hardware land on Reservoir Avenue for $4.75 million, but no plans have been filed for the site yet.

"There are no immediate plans for this property, as it was purchased for the long term benefit of the University," said SHU Spokeswoman Funda Alp. SHU has a campus at 7 Cambridge Drive in Trumbull.

Trumbull Economic & Community Development Director Ed Lavernoich said the land contains the former hardware store, which has since moved to Bridgeport. The parcel is across from Lindeman Drive.

"There's reason to believe they'll be building" on it, but Lavernoich added he was not sure when.

The land is located at 2300 Reservoir Ave. and was owned by Henry Stern Trust of 68 Seeley Road, according to Visionappraisal.com. The parcel was assessed for taxes at $2.2 million (70 percent of market value), and appraised at $3.2 million, the website showed.

louis July 20, 2012 at 09:18 PM
Ed, thanks for bringing in the economic development! You can throw a party for the town as we celebrate the extra tax revenues generated!
Tom Kelly July 21, 2012 at 03:27 AM
As a University, the land would be exempt from property taxes, correct? Will Trumbull get a PILOT payment from the state for this land?
louis July 21, 2012 at 01:27 PM
Yep, Trumbull definitely needs a pilot, because the current one is asleep and I'm afraid the plane will crash. Tom, a pilot is a cash payment for selling out. Ed Lavernoich is the King of the pilots, when he was in the economic office in Bridgeport they would construct complex schemes to get an extra half million here and half million there from the boys at the Capitol. The reality is though, as they are giving you a couple bucks to alter permanently your town's integrity and you are locked in. When they placed Housatonic College in the downtown during the Weicker administration they were looking to put something in a place that was crumbling around them, the old Hi-Ho mall.
louis July 21, 2012 at 01:28 PM
They basically took the easy way. that is why they are obsessed with these kind of projects, that is all they know in their little exclusive club. Why do you think it was so easy to reach across into Trumbull to take the land for the magnet school? Boundaries mean nothing to these folks, they don't look at is as stewards of the community, and when everything is falling apart, when it has fallen into disrepair, they use the argument, what, you want nothing to be there? No, we want you to do your job and find a commerce driven activity, an industrial project for an old light industrial zone, which was poorly conceived when the last group you elected put it there, far from access routes or lacking any overall plan to build a sustainable area of development. So Bridgeport would collect these state funds for building methodone clinics or rape centers or incinerators, and now that has become our plan. Keep paying Ed is hefty salary and keep electing junk....cause that is what they are, they certainly are not political leaders of any measure
Joe July 22, 2012 at 01:15 AM
Don't be surprised when SHU buys the Oce building on Oakview - one of Trumbull's major taxable properties

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something