Michael L. Nealy, Business Manager
Around the Local
Commentary argues that Connecticut's recently passed housing legislation will have minimal impact on the state's housing crisis. The piece suggests the Democratic-majority bill has faced enough opposition to cause Governor Lamont to hesitate on signing it, while advocating for more substantial state-level housing reforms.
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A Minneapolis-based developer proposes a $225 million upscale housing development in Farmington, featuring hundreds of units including luxury apartments, owner-occupied townhomes, and detached single-family homes. The project, called 'Enclave at The Farmington River,' represents a significant mixed-use development investment in the area.
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A proposed $90 million artificial intelligence center in Connecticut promises to create jobs and drive economic development. The project aims to establish a new technology hub that would attract AI companies and talent, potentially positioning the state as a competitive player in the growing artificial intelligence sector.
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Old Saybrook's Zoning Commission prepares to deliberate on a proposed affordable housing condominium development project. The project represents another step in the town's ongoing efforts to address affordable housing needs, with the zoning commission serving as the final approval hurdle for the development. The project has already received favorable recommendations from other town boards and committees.
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East Hartford closes on the sale of the former Showcase Cinemas property at 936 Silver Lane to Jasko Zelman 1 LLC for redevelopment into "Concourse Park," a residential community with at least 300 apartment units. The $115 million project on the 25.6-acre site will include amenities like a dog park, pool, clubhouse, and golf simulator. The town originally purchased the property for $3.3 million in 2019 and sold it for $1 with development commitments, with groundbreaking expected by 2026.
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