Firm selected to purchase Mutual Materials site
November 1, 2012
Mutual Materials has chosen AvalonBay Communities Inc. to purchase and redevelop the 52-acre site of the former Mutual Materials brick plant, according to City Manager Rob Wyman.
AvalonBay Communities Inc.’s plans for the site were not immediately available, but its website says the company “is in the business of developing, redeveloping, acquiring and managing high-quality apartment communities in the high barrier-to-entry markets of the United States.”
Wyman said he expected to meet with the buyer and representatives from Mutual Materials in early November to discuss plans for the site.