Goshen Housing Trust eyes Village Marketplace deal

 
Two of the buildings in the Village Marketplace in Goshen, which the Goshen Housing Trust has an option to purchase. BZ photo
The Goshen Housing Trust has signed an option to purchase the Village Marketplace at 59 Torrington Road from its owner, Mark Greenberg, for an undisclosed price and create affordable housing units there.
The property includes existing residential rental units plus commercial rental spaces in five buildings, but excludes the Shell gas station and convenience store, which Mr. Greenberg will retain.
Greenberg offered the property to the housing trust while studies of a potential site of affordable housing on Beach Street were being conducted. The idea for Beach Street has been abandoned due in part to heavy public opposition.
An inspection of and research into Greenberg’s property confirmed the housing trust’s interest in the site and an agreement was reached after a period of negotiations.
Goshen First Selectman Robert P. Valentine worked to bring the housing trust and Greenberg to together for the negotiations that would end up producing the purchase option agreement.
The housing trust expects to close on the purchase of the property within the next 12 to 18 months and assume responsibility for managing the property at that time. Greenberg will continue to operate the complex during the period, while the housing trust develops plans for the buildings and funding is arranged for the affordable housing project.
The residential apartment units in the complex would be updated as part of the project. The housing trust also plans to invest in improvements to the commercial units and the general appearance of the property 
Regarding the Beach Street site, the housing trust was interested in it because of the ability to connect to the Woodridge Lake development sewer lines. Issues with connection, however, were raised and would have delayed development of the property, according to the housing trust.
“In time, we expect to adapt the plans developed for the Beach Street apartments to the Village Marketplace, adding new affordable units that will include senior-suitable units,” housing trust President Christopher Sanders said in a statement. “The Village Marketplace has the potential to become the ‘town center’ of Goshen. We have an opportunity to create a community in which people can live affordably, shop, and even work.”