A nearly $22 million mixed-use development proposed for the corner of Woodland Street and Albany Avenue in Hartford is in limbo, after the city has questioned the developer’s project financing and overall design. Development Services Interim Director I. Charles Mathews has recommended the city postpone signing a land lease with developer 7 Summits Realty LLC, which had proposed building a mixed-use development at the site that would contain up to 75 mostly affordable apartments and retail space. The city now plans to hire a mixed-use consultant to study options for the property. However, in a February email to Mayor Luke Bronin, which was recently obtained by HBJ, Freeman disputed the notion that he didn’t have project financing in place. In fact, Freeman provided a list of funding commitments totaling over $31 million, which he wrote “greatly exceeds the estimated cost of the project.”
https://www.hartfordbusiness.com/article/22m-upper-albany-hartford-mixed-use-development-in-hartford-in-limbo