Apartments planned for East Hartford cinema site

Developers of the former Showcase Cinema property in East Hartford discussed their plans to build as many as 420 upscale apartments at the Silver Lane site during a recent special meeting of the Town Council, saying they also plan to seek a nearly three-decade tax abatement on the project. New Britain developer Jasko Development and Zelman Real Estate have proposed an “amenity rich” rental housing project of 360 or more market-rate apartments with a number of facilities for tenant use. Goman said the town has contributed $16.2 million to the project, with $3 million in borrowing from the town, and the rest from state grants. About $6 million has been spent on cleanup and acquisition of the site. The $10.2 million will be used “to help catalyze the project and help the developer make this project make sense,” Goman said, adding that developers would also infuse about $81 million in private funding into the project.

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