A crucial component of an ambitious, $100 million redevelopment of downtown Hartford’s Pratt Street corridor — the conversion of student housing behind the Lofts at Main and Temple into apartments — could begin in November, even as the duration of the global pandemic remains uncertain. The $9.1 million conversion also includes improvements and upgrades to the adjoining Lofts at Main and Temple apartments, fronting on Main Street and incorporating the facade of the old Sage-Allen & Co. department store. The Capital Region Development Authority will vote in the next week on a $2 million, state taxpayer-backed loan for the project and approval is expected. But those funds must be released by the State Bond Commission, and it is unclear how quickly the project will come up for consideration. The redevelopment is expected to take about year.
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