A plan to build a new dorm for UConn’s regional campus in the heart of downtown Hartford won a key approval Wednesday, with the university’s Board of Trustees voting unanimously to sign a 20-year lease to move the project forward. The new dorm would house 200 students in 50 units to be built inside part of a converted office and retail building at 242 Trumbull St. Developer Shelbourne Global Solutions bought the eight-story building at 242 Trumbull in June; the new dorm will be built inside an annex to the main structure with the address 64 Pratt St. The $28 million needed to convert the 242 Trumbull building into student housing will be funded through a package of state and city loans, plus capital from the building’s owner. The estimated $1.4 million annual deficit incurred by subsidizing the student housing to make it affordable will likely be offset by renting the dorms out during the summer to city corporations seeking to house interns and major employers like Hartford HealthCare, Ritter said.
https://www.stamfordadvocate.com/business/article/uconn-dorm-downtown-hartford-ct-pratt-street-19472046.php