102 replies to this topic

[The Voice of Reason]

top secret...

OK well I tried to upload it yesterday and failed, so maybe tonight


more detail on the southern part of Main Street... Taken from the Tax web site.

Downtown FRINGE Housing Stock – 690
Colt 50 apartments currently open
N. Main Apts. 57 low income apartments
1429 Park Street/Design Center Hartford 56 Loft style Apartment lofts
dorms for the culinary institute in Asylum hill. 160
The linden-53 condos
Townhomes at the Linden-6 condos
250 Main Street: 214 Apartments
360 Main Street: 62 Apartments
10-25 Capitol Ave Townhomes 22 Condos
48 Capitol Ave 4 Apartments
58 Capitol Ave 4 Condo
60 Capitol Ave 2 Apartments

I duidnt look for any others on Main Street over by hook and ladder...  but think I got everything else

Edited by The Voice of Reason, 26 April 2012 - 02:55 PM.

[The Voice of Reason]

Orange is hotels
Blue is existing housing
Light blue is currently proposed housing

Edited by The Voice of Reason, 26 April 2012 - 05:23 PM.

[The Voice of Reason]

With this New development authority that will help to get housing built, Its time to speculate a little more on the current proposals around town.

First off, including rumors, we have 1500+ apartments in the pipeline.  Of those some are underway or funded through existing entities and unlikely to recieve funding from the new state agency
They include

55 on the park
-is adding 5 new units in former common areas, but is challanging zoning so it can put 4 more units in what is currently ground floor retail.  This would not qualify for any aid.
915 Main Street
- is adding 9 new units in former common areas. This would not qualify for any aid.
Colt Armory South Arsenal
- is adding 79 new units.  The city approved a $5.3 million dollar bond to assist the developer in hopes he can use the completed S Armory as collateral for the E Armory.Bond is approved and funded.
110 Wyllis Street
16 town homes new construction -under construction. and funded
50 Elm Street
-2 apartments above a restaurant.  from private funds
Front Street Phase II
-115+ apartments and 25,000SF Retail next to the Elks club.  Front Street has a pretty massive amount of city state and federal money allocated for housing already.  The state funding is part of the old organization, so It should allreday have some backing from the state from back in 2004.
101 Pearl and 111 Pearl
RFP has been posted to turn 175000SF of office space into “anything” however 225 apartments was mentioned by David Pantagore.  The city, State and Martin Kenney were involved in packaging this and he may well win the bid, but the ammount of state involvement allready in this project means that the agency will likely not need to be involved in making this happen.  The Authority might be put in charge of managing whatever is proposed however even though I dont see much additional aid other than the parking garage, and building they allready contribvuted. (counting it as 200 apartments)


So call that like 426 Apartments that are pretty well already funded...  NOT BAD!


Other development plans likely to seek funding from State development authority and therefore much more likely now in my opinion are as follows.

Constitution Plaza Apartments:
-199 Apartments seeking historic credits and may seek other state monies.  If they do not get bank funding and need state funding it might delay this project.
370 Asylum Street
~40 Apartments that will seek all kinds of funding much like they did for Hollander I (this could take a while)
777 Main Street
- 286 apartments -likely to need state funding for asbestos removal.
36 Louis St
- 10Ksf building most likely several apartments (6) plus a restaurant
Colt Armory, East Arsenal
-236 units-While the city put together a 5.3 million dollar bond and the state a 1 million dollar bond to finish the South Arsenal and to replace the Roof on the East Arsenal I still see the development agency getting involved to push this project towards completion.
10 Clinton Street Condo -
-200 condos? In order to be a highrise it has to be pretty big.  Looking at the lot I would think of a 5 story parking gargae pedestal with a highrise ontop of that. call it 18-22 stories including the garage.  Very far out in terms of becoming a reality though, but I have no doubt the state will donate the land, help tear down the buildings, and even provide some bonding to make it happen if there is an interested developer.  Depending on the size of the development however, it might actually be worth it.  Ownership units are key to the long term health of downtown.  and if the state has to invest all that money to make something happen here, it might need to be a large project to spread those costs over a larger return. (Think Hartford 21 big)
AI Tech center
-Between 120 and 192 units, mostly studios and one-bedrooms apartments mixed in with the offices for AI engineers on the lower floors.  Hight is now 14 floors, and will absolutely need help from the authority to make it happen.  The good news is that this project will surely get support from the state as AI is VERY involved in the community.  He is at all kinds of charity events, and business forums meeting with all the right people.  Most importantly he has emotional attachment to the city.



So by my count 1100ish units to be funded by this state agency allready.  But what about capewell?  I bet that gets brought up again, and what about Northland tower or Hilton lot with maybe different developers??  how about the massive RFP for N of I-84 that is getting put together?  or the lofts on Capital Ave?

every development that fell short during the last boom is all of a sudden back on the radar to this new agency.

Interesting Stuff!
cant wait till the next bonding session!