Crown Equities LLC is proposing between 240 and 296 houses, townhouses and apartment units at what it would call the Enclave at the Farmington River. The property includes a former gravel excavation plant, on a swath of land between Farmington Avenue and the river. The Minneapolis-based developer is exploring any opportunities to get financing through the Build for CT program, which provides subordinate loans to fund construction of “middle income” housing in Connecticut. Crown Equities currently envisions up to 86 houses, 30 townhouses and 180 more units either built as apartments or townhouses. Based on its initial plan, Crown Equities is projecting a total development cost of roughly $225 million.
https://www.stamfordadvocate.com/realestate/article/ct-farmington-riverfront-housing-development-20389857.php