The former Trelleborg fabric-coating chemical factory complex on Lenox Street in New Haven has been sold to a Queens-based investor, raising questions about the property’s future. The sale was recorded on May 29, with 5910 Yang’s Properties LLC, controlled by Bi Fang Zou of Maspeth, N.Y., purchasing the site for $1.575 million from Trelleborg Coated Systems US, Inc.
Uncertain Plans for the Site
The property, which spans 2.07 acres and includes three former factory buildings, was last appraised at $1,951,900. Despite the recent transaction, the new owner has not disclosed any plans for the site. Zou’s company also secured a $1.1 million mortgage loan from NewBank on the same day as the purchase.
Previously, Trelleborg had received city approval to convert the site into self-storage units and a micro-manufacturing ‘flex workshop’ with private studios for artists and small businesses. However, Frank Taliercio, the applicant behind that plan, stated he is no longer involved, citing a shift in the market that made self-storage less promising.
Community Impact and Future Considerations
The sale of the former factory, once used to laminate fabrics for resistance to water, chemicals, and flames, marks a significant moment for the local community. The property’s future use could impact local businesses and residents, depending on whether the new owner pursues a similar redevelopment plan or takes a different approach.
As of now, the community awaits further information from Zou or his representatives regarding any potential developments. The lack of communication has left local stakeholders in a state of anticipation, eager to see how this property might contribute to the neighborhood’s economic and cultural landscape.
Original reporting: New Haven Independent — read the source article.
