No plans have been formally submitted, but conceptual drawings first unveiled to the public last week show the developers of a block on Eugene O’Neill Drive that includes The Day building and the former Citizens Bank are envisioning the site for a new 120-room hotel and restaurant along with apartments and retail. Mayor Michael Passero said Tuesday in a phone interview that he and Director of Development and Planning Felix Reyes have seen the conceptual drawings, though no formal plans have been submitted to City Hall. High Tide Capital in September bought the former Citizens Bank at 63 Eugene O’Neill Drive and an adjoining property for $1.75 million and has an agreement to acquire The Day property at 47 Eugene O’Neill Drive for $1.875 million that has not yet been finalized. High Tide Capital is the same development company that has been restoring three buildings on Bank Street as part of the so-called Riverbank project. It also completed a project last year at the Manwaring building on State Street that now serves as overflow dorm space for Connecticut College.
https://www.theday.com/business/20231101/hotel-apartments-restaurant-retail-envisioned-on-eugene-oneill-drive/