City cites prior Chelsea Groton Bank leaseback
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Description
Norwich references its 2024 acquisition and leaseback arrangement with Chelsea Groton Bank for the former downtown bank building at 300 Main Street, whose lease ended July 31, 2025. The context supports a new initiative to secure a short-term tenant for the vacant facility.
Contract Details
Vendor
CHELSEA GROTON BANK
Agency
Norwich Housing Authority, CT
Contract Type
FINANCIAL_SERVICES
Document Date
October 20, 2025
Contract Term
Leaseback ended July 31, 2025
Renewal Date
2025-07-31
Renewal Info
Leaseback of 300 Main Street to Chelsea Groton Bank concluded July 31, 2025 and is not being renewed; the city is now seeking a new short-term tenant.
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