Environmental workers recently began clean up on the former Aeolian Organ and Music Co. factory as the first step in a $56 million housing development for 82 low and moderate-income families. The adaptive reuse project will convert a historic player piano factory at 85 Tremont St. into an apartment community and is expected to revitalize an under-utilized complex in the city’s north end. Boston-based Trinity Financial is the project developer who secured local approvals and state housing and environmental grants to do a gut renovation of the 120-year-old factory. Approximately 65 percent of the project’s funding will come from low-income housing tax credit equity and federal and state historic tax equity. Last month, Trinity closed on $24.5 million from KeyBank, $13.4 million from the Connecticut Housing Finance Authority, $9.5 million from the state Department of Housing and $4 million from the state Department of Economic and Community Development, including $1.5 million in brownfield funding, officials said.
https://www.stamfordadvocate.com/recordjournal/article/meriden-piano-factory-apartments-aeolian-19525494.php