Bond Commission clears millions for Hartford-area projects

The State Bond Commission on Friday approved tens of millions of dollars worth of grants and loans for redevelopment projects in Greater Hartford, including office-to-apartment renovations in the Capital City and the planned demolition of the former Ames department store headquarters in Rocky Hill. The 10-member commission voted to authorize two loans totaling $13.5 million to help Spinnaker Real Estate Partners convert the office building at 55 Elm St. in Hartford into 180 apartments, with a co-working space and restaurant. The money will come in the form of a $7 million construction loan and a $6.5 million bridge loan. The Capital Region Development Authority serves as the funding conduit for both the Elm Street and Pratt redevelopment projects. CRDA also got $1.5 million to replace waterproofing systems, pavers, and protection membranes at the plaza and esplanade connecting the Connecticut Convention Center and the Connecticut Science Center.

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