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50 Ives Pl.
A North Haven-based real estate firm has purchased a vacant, industrial 4.4‑acre site near the Mill River in a transaction heralded by the city as paving the way for new development and jobs to come.
According to the city’s online land records database, on May 21, Ives IP Associates LLC purchased the 4.4‑acre site at 50 Ives Pl. from Harrow Products LLC for $750,000. The city last appraised the site as worth $646,200.
Ives IP Associates LLC is a holding company owned by Richard Cuomo of the North Haven-based Elm City Industrial Properties, Inc. And Harrow Products LLC is a holding company owned by David Simpson, Patrick Shannon, and Jeffrey Braun of Carmel, Indiana.
In an email press release sent out Thursday morning, Mayor Justin Elicker said that Cuomo’s company has been working with the city “to create jobs in a range of potential warehousing/distribution, e‑commerce, last-mile fulfillment, data center, biotech, and manufacturing uses” at the large, vacant Ives Place parcel.
That vacant lot was home to the H.B. Ives architectural hardware manufacturing facility from 1965 to 2009. The primary lot of the 4.4‑acre site is bounded by East Street, Chapel Street, South Wallace Street, and Ives Place.
“As we cautiously move toward reopening our economy amidst this ongoing public health emergency and concerns in our community regarding the senseless death of George Floyd in Minneapolis, we are working hard to balance the health and safety of our neighborhoods with the City’s future economic health,” Elicker is quoted as saying in the press release. “Today’s closing is an important step toward returning a dormant piece of industrial land back to productive use and the City tax rolls.”
This looks like a great progressive plan. Developing empty space will allow a modern state of the art facility. No retrofitting or fights with the Preservation Society's. The area is at a transportation hub of a freight rail line, expansion of barge and containor shipping facilities as well as duel I-95,91 access. The project will be much more beneficial to the cities tax rolls than another housing complex or "Green Space "