$15M project will turn blighted N. Britain property into mixed-income apartment development

The plan calls for the environmental clean-up, abatement, and redevelopment of New Britain’s Polar Building at 27 Columbus Blvd. and 43 High St., in order to make way for a mixed-income residential development with 62 rental units. The mayor’s office said all remediation work will be completed this year and demolition has already started on 43 High St., which is an old house located behind the factory building. Stewart, the city’s longtime Republican mayor, said the announcement is just one more step in ridding the Hardware City of another blighted eyesore. The total project cost is estimated at $15 million and the property’s owner will pursue historical tax credits to help pay for some of the costs, the mayor’s office said. In addition, Gov. Ned Lamont announced Thursday that $1.35 million in state brownfield grant funding will be used for the project.

https://www.hartfordbusiness.com/article/15m-project-will-turn-blighted-n-britain-property-into-mixed-income-apartment-development

Share This Article: