Stratford Town Council Minutes 2026-05-11
Council Approves East Broadway TOD Sale To Romano Brothers
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Description
Stratford Town Council approved the sale of the 1000 and 952 East Broadway parcels to Romano Brothers Builders LLC for $1,694,000 and authorized associated easements and a long-term ground lease to support a 154-unit transit-oriented apartment development and parking garage. The agreements include a ground lease up to 99 years and maintenance covenants for at least ten years.
Contract Details
Contract Amount
$1,694,000.00
Vendor
ROMANO BROTHERS BUILDERS LLC
Agency
Town of Stratford, NY
Contract Type
FACILITIES
Document Date
May 11, 2026
Contract Term
Development agreement dated April 30, 2025; ground lease up to 99 years for 952 East Broadway Parcel; restrictive covenants for at least 10 years
Renewal Info
Ground lease for 952 East Broadway may extend up to 99 years; developer must maintain the project for at least ten years under restrictive covenants running with the land.
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Stratford Town Council Minutes 2026-05-11
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