Michael L. Nealy, Business Manager
Around the Local
Santander Bank provided $88 million in construction financing for Benedict Court, a 120-unit multifamily property in Greenwich. The consortium led by Lonicera Partners, Nimbus Properties, and Benedict Capital will build the development at 7-23 Benedict Place with 72 market-rate and 48 affordable units, plus 170 underground parking spaces. Completion scheduled for August 2028.
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Shelton-based ALKA Inc. seeks to amend an approved Planned Development District at 493 Bridgeport Avenue to build five one-bedroom townhouses. The site, near Walmart and Crown Point Center, was originally approved in 2016 for a gas station and convenience store but failed to generate retail interest. Each townhouse would include a garage with two parking spaces.
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Connecticut's State Bond Commission approved over $31 million for Hartford economic development projects as part of a $3 billion bonding package. Funding includes $17.5 million through the Capital Region Development Authority for downtown parking garage repairs, Capitol Hotel renovation loans, and $6.5 million for North End affordable housing and daycare projects led by Mutual Housing Association and Citadel Community Development.
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IBEW Local 98 members provided Thanksgiving meals to hundreds of Philadelphia families, participated in Marine Corps Toys for Tots program, and honored fallen veterans through Wreaths Across America.
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Santa brings holiday cheer to IBEW Local 309 members and families.
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