Approved By Planning & Zoning, the redevelopment of the Firelite Shopping Plaza will revitilize this important area.
The three-story building includes 72 apartments with office and commercial space is nearing completion..
MORE GOOD NEWS FOR OUR TOWN.
A zone change was approved to allow the building of a senior living and memory care facility on Indian River Road.
Now completed, this facility provides needed Senior assisted living. Orange will also benefits from significant tax revenue with minimal impact on town services.
While serving as our First Selectman, Jim Zeoli has focused on bringing new business to our community.
Our stable tax rate and sound infrastructure has helped to foster economic growth in Orange. We have paved the way to make Orange the place for businesses, big and small, to locate.
The Edison Road extension was completed, opening up opportunities for further business development. Orange applied for and received a series of grants that allowed the $1 million project to be essentially completed with federal and state funding. The Zeoli team has evolved with the times, seeking out practical projects to balance out the universally shrinking brick and mortar retail market. Our commercial vacancy rate has dropped from over 10% down to 3.33%. Overcoming the State’s anemic economic growth rate has been a challenge, but new businesses have located in Orange and more are coming.
Over theyears, many major new companies, as well as many more retail businesses have opened in Orange. They include Fedex Freight Distribution Center, EasternTech, Hilton Homewood Suites, V.A. Care Center, U-Haul Moving & Storage Aurora Foods, Colony Hardware, Numet Machining Techniques, Inc., University of New Haven, Yale University including the Yale School of Nursing, United Illuminating Operations Center and Avangrid Corporate Headquarters. The light industrial area of Orange continues to expand, bringing the vacancy rate in the Town of Orange down to 3.33%.
Pictured here is the new Racebrook Medical Center.
First Selectman Jim Zeoli said, "Orange's light is shining bright at the moment. We have put in a lot of hard work and effort over the last several years to prepare the industrial zone for this level of development. With continued support from our team, which includes the Orange Economic Development Corporation and our local commercial realtors we expect to maintain this momentum through the long term."
With our business friendly economic envirnment, Orange has a bright future as a great place to do business.