Development agreement inked for $26M Park-Main St. redevelopment

Development agreement inked for $26M Park-Main St. redevelopment

The agreement, signed in late December, lays out various economic, local hiring and affordable-housing requirements that Spinnaker Real Estate Partners, of South Norwalk, and Hartford’s Freeman Cos., must adhere to in constructing two buildings worth $26 million on a pair of vacant, city-owned properties just south of downtown, officials say. Plans show the two buildings including 90,000 square feet of residential space with 18 studios, 84 one-bedroom and 24 two-bedroom units. Another 20,000 square feet will be used for retail space and a 9,000-square-foot rooftop lounge is also planned for the building fronting Park Street. A surface parking lot with 125 spaces will be located behind the buildings.

 

https://www.hartfordbusiness.com/article/development-agreement-inked-for-26m-park-main-st-redevelopment

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