Waterbury-based investment and development company Axela Group is proposing to build 23 townhouse-style apartments in its home city.
A limited liability company affiliated with Waterbury-based investment and development company Axela Group is proposing to build 23 townhouse-style apartments in its home city.
Waterbury’s Inland Wetlands Commission, on Wednesday, signed off on a wetlands permit for Boyden Ridge Development LLC’s proposal to develop three buildings in a row on a 2-acre property in Waterbury’s Bucks Hill Neighborhood. According to plans, the development would include two, eight-unit buildings and one seven-unit structure. Each unit would have three bedrooms.
The proposed Boyden Ridge Development — whose contact is Axela principal Yitz Rabinowitz — now needs to secure a special permit through the city’s Zoning Commission.
The planned development site is in an area already thickly developed with multifamily housing.
The neighboring 276-unit Laurel Ridge Estates complex sold for $41.25 million earlier this year to a Manhattan-based developer who pledged to spend $17 million rehabbing the roughly 72-year-old complex.
