Smithfield Town Council decided on Tuesday to buy out property intended for a major development from Little Super Market Property, LLC.
After coordinating with LSMP, LLC for the past five years, including on mixed-use development project “The Grange at 10 Main,” Smithfield entered a purchase agreement of $6.5 million for 20 parcels that make up the property.
In a press release, the Town of Smithfield said council determined town ownership would give the property the best opportunity to be developed in a way that will serve the citizens now and into the future…