After a decade of uncertainty, the Dover Knolls Development property was purchased by Olivet Management LLC to create a research institution and technology hub, according to a release from Olivet.
Olivet Management, on behalf of San Francisco-based Olivet University, said the land in the Town of Dover will accommodate educational facilities, retail vendors, an information technology center and a research and development site.
“Olivet Management is pleased to have the opportunity to restore and revitalize this dormant property,” said spokeswoman Anna Oh. “We are also thankful to help contribute to the economic development of the Dover community.”
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