Those four properties next to the train station will make up the project known as “Farmington at Steele.” The estimated $18 million project will be funded entirely by the Newport Realty Group’s private financing through equity and banking partners. No state funds will be used during the development phase. Approximately $2 million in grants from the state Department of Economic and Community Development and the Office of Policy and Management will be used for aspects of the project that are required by the state, including an environmental survey of the land.
http://www.newbritainherald.com/NBH-Berlin+News/353738/developers-hope-to-break-ground-on-project-next-to-berlin-train-station-in-october