In May 2022, New Britain Mayor Erin Stewart helped celebrate the launch of an $11 million redevelopment of the former Stanley Black & Decker headquarters on Myrtle Street into 106 market rate apartments. At the time, the project was expected to wrap-up in a little more than a year. Developer Amit Lakhotia blames the delay on a longer-than-anticipated state environmental review process and financing hiccups. New Britain officials have helped, securing a $1.5 million state grant for the project and approving a 13-year tax break. Lakhotia and his investors have also dug deeper into their pockets. New Britain-based TLong Construction is performing the work at 480 Myrtle St. TLong President George Taweh, also an investor in the development, said funding delays have held back the project by a year, and prompted him to lend it $1.5 million.
https://www.hartfordbusiness.com/article/apartment-redevelopment-of-former-stanley-black-decker-headquarters-in-new-britain-powers