The Capital Region Development Authority on Thursday approved funding for the redevelopment of the historic 55 Elm St. office building in downtown Hartford into apartments. Norwalk-based Spinnaker Real Estate Partners has submitted plans with the CRDA to redevelop the 205,000-square-foot office building into 164 residential units as well as co-working space and a restaurant. Up to 70 units of the $63.3 million project will be constructed so they can be made available for hotel rooms, if the market justifies the need, according to a project proposal submitted to CRDA. The 55 Elm St. project is a cornerstone of the broader Bushnell Park South neighborhood redevelopment, which aims to bring more mixed-use activity near vacant and empty lots by The Bushnell.
https://www.hartfordbusiness.com/article/crda-approves-funding-for-633m-mixed-use-redevelopment-of-downtown-hartfords-55-elm-st