American Eagle FCU Is Turning Interchange Fees into Donations
American Eagle Financial Credit Union isn’t just handing out checks. It is using its card products as a way to give back to the community, says Chief Community Officer Simeon Chapin.
Train Upgrades Would Cut 25 Minutes from NYC-New Haven Trip
The state of Connecticut broke ground Monday on a nine-year project to rebuild Metro-North’s route between New York City and New Haven.
Windsor Eyes Incentives for Office Conversions
Officials in the town of Windsor are looking at a new way to try and shed the dead weight on their tax rolls.
Big Spinnaker Project Gets $6M in Tax Help from New London
A Spinnaker Real Estate Partners proposal for waterfront apartments in New London faces over $14 million in “extraordinary costs.” Luckily for the developer, city leaders are sympathetic.
Credit-Worthy Tenants Are Office Landlords’ North Star
Lenders are playing a significant role in selecting office tenants as substantial vacancies linger in Fairfield County’s office market.
71-Unit Affordable Development Pitched in Tolland
A Farmington-based developer is proposing to build a garden-style apartment complex in Tolland under the state’s 8-30g affordable housing law.
Developer Buys Site of 156-Unit ‘Enfield Station’ Project
For a mere $2.64 million, a joint venture of two developers has bought the sight of their planned transit-oriented development in Enfield.
Stamford Residential Tower Fetches $150M
The original developer of one of Stamford’s Harbor Point apartment buildings has sold the property for almost $150 million.
New Haven Apartments Trade for Over $6M
A New Haven apartment complex was acquired by a New York investor for $6.15 million, representing a 146-percent increase from its previous trade in 2015.
Downtown Stamford Apartments Sell for $221M
A large downtown Stamford apartment complex has been sold to a New York City investor and property manager.
Making Housing Development ‘Palatable’ Through Preservation
Former factories, schools and office buildings across Connecticut are being revitalized as residences by Pennrose under the leadership of Karmen Cheung, its New England regional vice president.
Downtown Greenwich Property Trades for $10.7M
A 100 percent leased office-retail building in high-rent downtown Greenwich has traded for $10.7 million, or $622 per square foot.
Collapsed New London Church Being Replaced by Apartments
A downtown New London church whose steeple collapsed spectacularly in early 2024 has been demolished, and its replacement is getting ready for construction.
Investor Pays $42M for Avon Apartments
A three-building apartment complex in Avon has changed hands, from a Waterbury-based firm to an East Hartford-based investor.
Big Windsor Office Complex Sells for Pennies on the Dollar
A 73-acre office property in Windsor has traded hands for around 5 percent of its last sale price two decades ago.
HUD Grants $10.7M for Housing Improvements
The CT Department of Housing is awarding $10.7 million in grants to five municipalities for infrastructure improvements to support low and moderate-income residents.
Danbury Hotel Sold for $12M
The Holiday Inn Express & Suites in Danbury recently sold for just over $12 million.
Developer Open to ‘Change Course’ at Point Stratford
Stratford’s new mayor made it a priority to move forward redevelopment of the former Army Engine Plant property, and to add housing as a component of the new design.
Funding Announced for Cleanup of 12 Blighted Properties
The state’s Brownfield Remediation and Development Program is releasing $15.2 million in funding to support investigation and cleanup activities on 267 acres of land across the state to prepare the sites for future development.
State Announces Grants to Improve Transportation Infrastructure
The Connecticut Department of Transportation is awarding $10.8 million in grants to 17 cities and towns for projects that improve safety, accessibility and mobility.
