January 21, 2015

CT Construction Digest January 21, 2015

Old Saybrook senior housing granted $2M state loan

OLD SAYBROOK >> The town’s elderly seeking affordable living quarters will soon benefit from state funding awarded by the Department of Housing to municipalities across Connecticut.
Last week, the governor announced the dispersal of $9,555,585 in loans for the creation or rehabilitation of affordable housing units in small multifamily rental and homeownership developments across the state. The funding aims to expand affordable housing opportunities by fostering innovative approaches in design, location, construction costs, operating costs, environmental sustainability, affordability or support services, according to a release. Developments that could serve as a model and be replicated on a larger scale were especially encouraged. We’ve already accomplished more in the past four years on housing than had been done in decades. The question now is, how do we raise the bar again to have a both short and long-run impact? Investments in safe, affordable housing undoubtedly pay long-term dividends, promoting healthier lives, stronger communities, and a more vibrant economy,” said Gov. Dannel P. Malloy.
Saye Brook Village South will receive $2 million to Old Saybrook Affordable Elderly Housing, Inc. to assist in the development of 15 affordable rental units which will be in close proximity to the central business district and within walking distance to the senior center. This project promotes sustainable development through its construction entirely on the parcel of a former single-family home adjacent to two existing phases of Saye Brook Village East and West.
These units will help to address the area’s waiting list for affordable elderly rental units — which includes over 100 households and a seven-year wait. DOH funds for this project are leveraged by a commitment from Essex Savings Bank of a $935,000 loan together with a bank-sponsored $500,000 capital contribution from the Federal Home Loan Bank through the Affordable Housing Program.
“This funding was intended for smaller projects with total development costs of no more than $6 million and we limited our financial assistance to no more $2 million to ensure applicants leverage state assistance with substantial financial and/or in-kind resources from other sources, particularly private sources of debt and equity,” said Department of Housing Commissioner Commissioner Evonne Klein.
Other award recipients are: CLICK TITLE TO CONTINUE

Southington PZC approves West Street retail plans

SOUTHINGTON — The Planning and Zoning Commission unanimously approved plans for a 60,000 square-foot retail center off of West Street Tuesday.
Property owner Fredric Leopold of New York-based Northstar Properties declined to comment on what restaurants and retail shops might be coming to the center at 99 Executive Boulevard South. The location is near exit 31 off Interstate 84.
He’s owned the land since 2008 and also owns the adjacent Target property. Leopold said he hopes to begin construction by the spring the main building and three pad sites that constitute the center.
The planning commission approved preliminary plans for a shopping and restaurant center around 2008 according to commission Chairman Michael DelSanto. With the economic downturn at the time, the plans didn’t progress.
DelSanto said he didn’t know of any potential tenants for the site, although he said the commission had approved a Red Robin around 2008.
He was pleased about the potential economic development on Tuesday.
“It brings business in, it brings people to West Street,” DelSanto said.
At the last meeting, commissioners asked Leopold if he could improve the look of the buildings. DelSanto said the original designs were “straight-forward” and rather plain.
Eric Brown, an architect with Prellwitz Chilinski Associates of Cambridge, Mass. presented new designs for the buildings that included brick, clapboard and metal. Tenants would further customize the buildings with colored awnings. CLICK TITLE TO CONTINUE
 

Groton — A Mystic businessman received approval Tuesday for a seven-year tax break to help him build a multimillion-dollar indoor sports complex that could accommodate tennis, soccer, lacrosse and baseball.  Matthew McCormack, chief executive officer of the technology firm QDiscovery in New London, asked for tax incentives on existing and future improvements to 90 Welles Road. The facility, the former Mystic Indoor Tennis property — now Mystic Indoor Sports LLC — had been neglected, resulting in bankruptcy and numerous fire and building code violations.  McCormack plans to fix up the tennis building, build a new 3,000-square-foot clubhouse and construct a second large facility to house indoor soccer, lacrosse and baseball in the complex. He would invest as much as $3 million. He held a grand re-opening of the facility on Jan. 1 and has paid the back taxes on the property. CLICK TITLE TO CONTINUE

Hartford meeting to offer newest info on I-84 viaduct

The engineers who are studying how to replace the aging I-84 viaduct in Hartford will present their latest updates on options at a public meeting Wednesday at the Hartford Public Library.
Many transportation and economic development leaders in central Connecticut see the viaduct replacement as an opportunity to transform part of the city and perhaps change some unwelcome consequences of decisions from decades ago.
It's widely agreed, however, that the project will be costly and time-consuming, and that it's nothing imminent.
State Transportation Commissioner James Redeker has said the elevated highway, which extends almost two miles between Exit 46 and the I-91 interchange, remains safe, and that drivers can expect to be using it for years to come. The Department of Transportation is pumping millions of dollars into short- and mid-range maintenance work for the past several years.