Hartford plans to continue its Front Street Development this summer
January 12, 2013 by Mark
The second phase of the Front Street Development project in downtown Hartford, Connecticut, is finally scheduled to break ground this summer, it was revealed earlier this week. Front Street will consist of over 100 apartments, with occupancy scheduled for 2015.
The second development was delayed until financing was in place. Details are being finalized now, though it is known that approximately 65% of the cost of development is coming from private financing and 35% from state grants that were previously approved.
The first phase of the development has been successful, which encouraged the city to continue with the project. The first phase comprises the Spotlight Theatres, which are open, and the Capital Grille and Infinity Music Hall & Bistro, both of which have signed leases and plan to open later in 2013. Michael W. Freimuth, who is executive director of the Capital Region Development Authority, said that adding the housing to the downtown development was indicative of Connecticut’s belief that redevelopment in the area is sustainable.
The new building, which will have 115 apartments in five stories, is designed with mostly one-bedroom and studio units, reflecting the current demand for smaller spaces. Most of the apartments will range from 750 to 1,000 square feet in size. The building’s first floor, which comprises some 25,000 square feet, will be leased to retail establishments. When the project is complete, it will add almost 1,000 housing units to Hartford’s downtown.
The developers of the project could work with brochure printers to create material describing the new building and its amenities to bring interested parties to the building.