Norwalk-based Spinnaker Real Estate Partners exercised its option on Tuesday to buy a 90,000-square-foot parking lot at Capitol Avenue and Hudson Street for $3.25 million, according to the Capital Region Development Authority. The authority voted in January to loan Spinnaker $3 million toward the purchase, which forms a crucial piece of the Bushnell South development and speeds development of the project. About 250 parking spots, billboards, and an auto shop currently occupy the newly purchased parking lot. The property will likely be developed as a parking garage for the larger Bushnell South project, which involves several developers and multiple phases. But Freimuth has said the lot Spinnaker purchased this week is often vacant due to the opening of two new parking garages in the area.
https://www.stamfordadvocate.com/business/article/hartford-ct-parking-lot-bushnell-south-plan-18696292.php