Michael L. Nealy, Business Manager
Around the Local
New Haven officials have approved a development plan to convert vacant lots on Starr Street into new housing units. The project aims to address urban blight by transforming underutilized vacant land into residential development, contributing to the city's housing stock while revitalizing the neighborhood. The approval represents part of New Haven's broader strategy to increase affordable housing options and improve community development.
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PosiGen, a Louisiana-based solar energy company specializing in leasing panels to low and moderate-income residents, laid off 78 workers from its Connecticut offices in Danbury, Shelton, and Wethersfield on August 24, 2025. The company cited financing difficulties worsened by the Trump administration's tax package ending federal renewable energy tax credits by end of 2025. Only 8 employees remain in Connecticut as the company seeks additional funding.
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The Trump administration has begun taking credit for various infrastructure improvements and projects that were actually funded through legislation passed during the Biden presidency, including initiatives that Trump previously opposed. The practice raises questions about transparency in federal project attribution and public understanding of funding sources for major infrastructure developments.
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A former Konica Minolta office building in Windsor, Connecticut has been sold for $2.7 million to developers planning to convert the property into approximately 300 residential housing units. The redevelopment project represents a significant conversion of commercial office space to address Connecticut's housing needs, following trends of adaptive reuse in the post-pandemic commercial real estate market.
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Local authorities have approved plans to convert a Residence Inn extended-stay hotel in Shelton, Connecticut into 96 apartment units. The adaptive reuse project reflects ongoing efforts to address housing shortages by repurposing existing commercial hospitality properties into residential units. The conversion is part of broader trends in Connecticut to increase housing supply through creative redevelopment of underutilized commercial properties.
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