Developer Explains the Housing and Retail Market in East Lyme

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EAST LYME — “If you drew a big triangle down Route 2 to Groton, and back along I-95 almost to New Haven, there was nothing — no highly-amenitized, new-ish, multi-family communities. And, I think part of that is because the towns that make up most of that big triangle traditionally had not encouraged nor allowed multi-family development of any size,” said Newton Brainard, a Lyme resident, and vice president of Simon Konover Company, in a telephone interview with CT Examiner on January 15.  With 280 new apartments at The Sound at Gateway Commons fully-occupied, and an additional 120 “luxury” apartments

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