A Hamden developer has started construction on a $50-million apartment home community on a long-vacant property near Cromwell’s well-traveled Route 372.
Belfonti Companies LLC on Thursday said the 160-unit complex at the end of Country Squire Road will be constructed in multiple phases over a 22-month period. The market-rate “luxury” units are scheduled for occupancy beginning in the first half of 2021, the company said.
Property management firm Bozzuto Management has been selected to handle the initial lease-up of the housing community, officials say.
According to plans, the roughly 9-acre site, located at the highest point in the Cromwell area, will be highly amenitized with a 14,500-square-foot community center, an outdoor swimming pool and an outdoor lounge area equipped with grills and fire pits.
One-bedroom units will range from 800 to 1,100 square feet, and two- and three-bedroom units will run from 1,200 to 1,600 square feet, a spokesperson for Belfonti said.
A 2016 story by the Middletown Press says the property has been vacant for many years, and was previously home to the defunct Nike anti-aircraft missile site during the Cold War in the late 1950s and early 1960s.
Michael Belfonti, the founder and chief executive of Belfonti Companies, said the project marks Cromwell’s first new multi-family housing development in several decades.
“This project will offer a different lifestyle than the existing apartments in Cromwell – a fully amenitized, professionally managed, Class A luxury apartment community,” he said.
Headquartered at One Hamden Center, Belfonti Companies manages approximately 3,000 apartment units and nearly one million square feet of office, retail and industrial park space.
In Connecticut, the company manages multi-family communities in Windsor, Manchester, Middletown, Torrington and Waterbury, among other areas. It also has properties in Massachusetts, Florida and Indiana, according to its website.
