East Hartford’s Town Council on Monday night agreed to conditions for the use of a $6.5 million state grant to demolish a building within the Founders Plaza office park, which will make way for a massive, mixed-use redevelopment. Under the agreement, the money will be used to demolish the 182,890-square-foot former Bank of America office building at 20 Hartland St., which is also known as 99 Founders Plaza. Any leftover funding could be used to further other elements of the “Port Eastside” development along the eastern bank of the Connecticut River. Port Eastside LLC – an entity backed by a group of prominent area businessmen – paid $4 million for the building last summer. Reilly gave a rough estimate of mid- to late-2028 for the first building to be completed. It would include about 40,000 square feet of retail space, Reilly said last week. While the agreement commits Port Eastside to a minimum of 150 apartments in the first building, the aim is closer to 300, Reilly said.
https://www.hartfordbusiness.com/article/east-hartford-approves-conditions-of-65m-state-grant-for-founders-plaza-redevelopment