A nearly-400-unit multifamily development planned next to New Haven’s Winchester Works biotech cluster could be advancing after a California real estate investment firm loaned its developers $78 million.
The developer behind a large New Haven multifamily project promised community members at least 10 percent of the building’s units would be set aside as affordable housing.
A 12.7-acre patch of wasteland north of Yale University’s main campus is in line for a revival if developers can convince the New Haven City Plan Commission to approve their 320,000-square-foot residential project planned for the site.
