In its first meeting since September, the state Bond Commission next week will vote on authorizing $13.5 million in loans to spur the creation of 155 apartment units in downtown Hartford. The bulk of that amount, $12.5 million, will go to a prominent development trio, the Pratt Street Initiative Partnership, to assist with the first phase of their envisioned $100 million Pratt Street revival, while a $1.5 million loan would go to the owner of Colt Gateway to help build out 26 apartments in a recently vacated magnet high school building. Future plans include converting several other buildings on Pratt Street into more apartments and redeveloping the One Talcott Plaza parking garage and renovating the old Sage Allen building at Temple and Main street, which the Pratt Street developers have said they want to buy out of foreclosure. Meantime, an affirmative vote for the $1.5 million loan for Colt Gateway LLC, an affiliate of CG Management Co., would allow the company to begin redevelopment work on the last major vacant building at the historic former Colt firearms manufacturing site.
https://www.hartfordbusiness.com/article/bond-commission-to-weigh-135m-for-pratt-st-colt-apts