A recent $10 million settlement clears the way for the next phase of the North Crossing, a massive, $250 million development of 1,000 apartments, parking garages and storefront space that is expected to unfold over the next five years. Developer Randy Salvatore plans to start on a second phase in just a matter of weeks. North Crossing’s second phase on so-called “Parcel B” would have 527 apartments, 4,300 square feet of storefront space and a 524-space parking garage at a cost of about $120 million. With construction at North Crossing now imminent, entrepreneurs who have taken a stake in storefronts within a short walking distance of the development see a coming new market of apartment tenants boosting their ventures and creating other small businesses. Salvatore had turned his attention to redeveloping the RPI campus while North Crossing was stalled. Now, with the settlement, Salvatore said he has shifted back to Parcel B, but he is likely to start demolishing the buildings on the RPI campus soon after he acquires the property. Knocking down campus buildings — including an eight-story classroom tower — will require some time, Salvatore said.
New phase of a $250M development in this CT city could get underway in weeks. What it would bring.