More than a century of manufacturing at 100 Franklin St. littered the ground underneath with a mix of contaminants, some of which will need to be excavated in preparation for a four-story apartment complex to be developed on the site. The city has slightly less than $800,000 in state grants to cleanup Franklin Street as well as $400,000 in a revolving loan fund from the EPA. A bid is expected to be brought forward to the City Council next month. The site is the future home of 60-unit apartment complex called Torrington Riverfront to be developed by Pennrose. In March, the Torrington project was awarded $1.35 million in yearly low-income housing tax credits by the Connecticut Housing Finance Authority, which administers the U.S. Treasury tax credits.
Torrington site in need of cleanup ahead of construction of 60-unit apartment complex