IN PROGRESS: Science Park

[The Voice of Reason]

http://www.courant.com/business/hc-propert...0,3964637.story

Yale recently moved 600 administrative employees into 25 Science Park, the largest renovated building, nearly doubling the park's daytime population. Directly across Munson, the shell of the long-abandoned Winchester Repeating Arms. Co. factory is being demolished to make way for a multilevel, 1,100-space parking garage with ground-floor retail. And Forest City Enterprises is negotiating with Science Park Development Corp. to convert a vast warren of former Winchester buildings into 400 rental apartments, a $100 million project.

A sale of the U.S. Repeating Arms Co. factory on Winchester Avenue, just north of the garage site, is imminent, further underscoring surging interest in Science Park.

What a great project for New Haven. It must be great having an institution as wealthy and active as Yale university in your city.

It will be interesting to see if Forest city can get the financing they need for the housing. If that goes through it makes for a very interesting change to NW New Haven. especially depending on what happens to the Winchester factory that is pending sale

[HartfordTycoon]

New Haven is really starting to do very well. It's great to see that a city in CT that is not quite in NYC's orbit can thrive. It does help me keep the faith in Hartford.

[MichaelQReilly]

My dad worked in Science Park when I was a kid back in the 80's. I remember meeting him at work a few times, the area was pretty dodgy, but there are a lot of great architectural assets around there.

[The Voice of Reason]

My dad worked in Science Park when I was a kid back in the 80's. I remember meeting him at work a few times, the area was pretty dodgy, but there are a lot of great architectural assets around there.

Apparently the area has reached the "tipping point" so to speak and is really starting to come alive.

[The Voice of Reason]

Construction began today for the new Higher One HQ

http://www.courant.com/business/hc-science-park-20110406,0,2087876.story

Higher One, with 360 employees in New Haven and Oakland, Calif., said in December that it will have 350 employees in the $45 million, 140,000-square-foot headquarters. The state is providing $5.5 million for environmental cleanup, up to $18.5 million in tax credits and $1 million in sales tax exemptions, which is subject to approval by the Connecticut Development Authority.

This is just a renovation, but it is a great sign again.

This is one of the most interesting companies in CT, and has just continued to grow 24 to 350 employees in 7 years. I suspect it may slow down, but at the same time there is little doubt that the now public company has a solid base and with a new HQ will be in New haven for quite some time.

Separately, Connecticut Innovations, the state's quasi-public technology investment arm, said the incubator space it manages at Science Park is now fully leased with the arrival of CMDBioscience.