The state is committing $4 million toward building The Strand, a movie theater-themed mid-rise tower that Jasko Development LLC intends to open in mid-2025. Avner Krohn, president of Jasko, said a $500,000 grant from the city along with the state’s $4 million will make it feasible to build The Strand with an affordable housing component. Jasko has been preparing construction plans for months and wants to break ground later this year on the site, a vacant property alongside police headquarters on Chestnut Street. He hopes to have tenants moving in around summer of 2025. The Strand will be themed after a well-known theater that once stood on the property, and Jasko plans a sweeping staircase as well as a grand piano in the lobby, and a marquee in vintage style facing the street. Gov. Ned Lamont this week announced that $4 million from the Connecticut Communities Challenge Grant program will go toward The Strand. That funding program is run by the state Department of Economic and Community Development to create new jobs.
Developer plans $25 million apartment complex with $4 million in CT state aid