Project developers this week broke ground on the Tremont Flats mixed-income housing project in Meriden.
The $56 million public-private partnership project, headed by Boston-based real estate development firm Trinity Financial, is an adaptive reuse of the historic Aeolian Company complex at 85 Tremont St.
It will feature 82 mixed-income apartments, including 71 affordable units and 11 market-rate apartments within Meriden’s Adaptive Reuse Overlay District, which was created in 2015 to facilitate the redevelopment of underutilized industrial properties.
The Aeolian Company made automated pianos and organs at the Tremont Street factory from 1887 until 1930. At its peak, the company had seven factories and branches worldwide.
The complex preserves much of the factory’s original architectural elements like exposed brick walls and columns, paired with energy-efficient windows and modern amenity spaces including a community lounge, fitness center, children’s playroom, and indoor bike storage.
Roughly 65% of the financing for Tremont Flats comes from state and federal aid, including more than $4 million from  the Department of Economic and Community Development, and $24.5 million in construction financing from KeyBank.
Part of the funding also comes from historic and low-income housing tax credits, Eversource, the Connecticut Housing Finance Authority and state Department of Housing.
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