Downtown Hartford Apartment Project Finally Gets Off The Ground After Nearly Two Years

An $18.4 million apartment project in downtown Hartford between the XL Center and Union Station is now getting underway after being on the drawing board for nearly two years. CDRA’s taxpayer-backed loan rose from $4 million to $6.6 million. In addition to CRDA, the financing package includes a $5.4 million mortgage from United Bank, $5.3 million in state and federal historic credits and a deferred developer fee of $1.1 million.

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