An aerial view of the former Union Carbide headquarters property in Danbury, CT. An aerial view of the former Union Carbide headquarters property in Danbury, CT.

DANBURY, CT—Summit Development, which has undertaken a long, arduous, but now successful redevelopment of the former Reader's Digest headquarters property in Chappaqua, NY, is at it again, this time at the former Union Carbide headquarters property here.

Summit Development has closed on the purchase of the former Union Carbide headquarters property in Danbury at the deeply discounted price of $17 million or $16-per-square-foot.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.