Owners of a 173-acre office campus in Simsbury, Connecticut are hoping that by adopting a form-based code as a guide for potential redevelopment of the site, potential buyers have more reason to pull the trigger on a deal.
"Hartford Financial Services Group Inc. and the town of Simsbury have entered a pivotal phase in the insurer's efforts to sell its sprawling Farmington Valley office campus on 173 acres at 200 Hopmeadow St.," reports Gregory Seay.
"The town, after months of collaboration with The Hartford, its listing broker, CBRE-New England, and other land-use advisers and town residents, recently approved a form-based code that ensures whoever acquires all or part of the site designs and builds on it in a way that maximizes its value to them, users and the town, realty and land-use experts say."
One of those land use experts is Scott Polikov, founding principal of Gateway Planning Group of Dallas, which is advising The Hartford on the sale. Polikov is quoted in the story: "This is breaking new ground in terms of using a design process to calibrate form-based code so that the business interest of the property owner and the public's interests are brought together…''
Read the full story: The Stag bets 'form-based code' can sell Simsbury campus
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