Mall at Fox Run owner, town eye tax district for new Seacoast Landing

The Mall at Fox Run in Newington is more than 600,000 square feet on one level. (Photo by John Gisis, Seacoastonline)

Torrington Properties and Newington officials are discussing the creation of a tax increment financing district at the site of the soon-to-be-razed Mall at Fox Run, where the company is preparing to construct the new Seacoast Landing shopping district.

The anticipated demolition of the 43-year-old mall and the redevelopment of the 80-plus-acre property, estimated at $500 million, is drawing near, with the first building expected to be leveled as soon as March.

Details on the potential TIF district for Seacoast Landing were not immediately made public. A TIF district typically involves leveraging future property tax revenue to fund infrastructure needed for projects that will benefit the town financially in the long run.

Newington is expected to see significant property tax revenue from Seacoast Landing in the future. Newington Selectman Brandon Arsenault told fellow board members during a Jan. 20 meeting that the assessed value of Seacoast Landing could surge to approximately $270 million three years after construction ends, much more than the current mall property.

“There’s a whole lot of revenue that’s going to come into the town,” he said.

Martha Roy, Newington’s town administrator, said it would be the first TIF district in town, and it would require voter approval at the annual town meeting in March.

“The voters, the people that live in this town, have got to make a decision on it,” Arsenault said during the Jan. 20 meeting.

Arsenault and Roy met recently with Torrington officials to discuss the concept. Selectmen plan to meet with Torrington Jan. 29 for more talks.

Torrington last appeared before the Planning Board in late December. The board approved the company’s proposal to demolish all existing structures, including the Mall at Fox Run building, and subdivide the 80-plus-acre parcel into six lots. Torrington plans to build a new tree-lined boulevard connecting the Chick-fil-A to the Texas Roadhouse restaurant.

Company leaders stated in December that the old JCPenney at the mall would be the first longtime commercial building to be demolished. Torrington would then raze the former Savers building, followed by the old Party City building, the entire Mall at Fox Run from south to north, and the Sears and the Macy’s buildings.

“When they talk blasting, they’re not talking like a big rock quarry (with) stuff flying in the air,” said Selectman Bob Blonigen, the board’s representative to the town Planning Board, on Jan. 20. “They’re just talking about a rumble and they’ll remove the debris.”

Three anchor buildings, retail and office space, a medical building and six pad sites are planned to comprise the future Seacoast Landing plan, according to Torrington’s marketing of the project to potential tenants through Atlantic Retail.

Future tenants have not been identified by Torrington. Some buildings may be leased while others might be sold, company leaders stated in the past.

Torrington officials will return to the Planning Board next Monday, Jan. 26, to continue discussing demolition plans and the vision to subdivide the property to make way for the new buildings.

Torrington leaders did not respond to a request for comment by deadline for this story. Newington Board of Selectmen chairperson Chris Wayss did not immediately respond to a request for comment.

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