Officials, dignitaries and developers broke ground Tuesday on a roughly $80 million, 180-unit mixed-use, mixed-income apartment project in downtown Naugatuck. Philadelphia-based Pennrose and Hartford-based The Cloud Co. hosted local and state officials on a 7-acre former industrial site, where construction is underway on the first of three 60-unit buildings. The development will ultimately feature more than 7,000 square feet of commercial space and a new public greenspace for the broader community. The development site is located along Old Firehouse Road, with one side bounded by the Naugatuck River. A government-led effort remediated environmental contaminants on the site before the property’s recent $600,000 sale to the developers, said Karmen Cheung, Pennrose’s regional vice president for New England. Cheung estimated the first building will cost about $26 million, with later phases expected to face typical cost increases. The four-story, wood-framed buildings will be constructed on grade slabs and include elevators.
Naugatuck begins $80M mixed-use project aimed at revitalizing downtown
