City and state officials along with members of the development team Friday morning broke ground on a new mixed-use, housing development at the corner of State and Chapel streets in New Haven’s Historic Ninth Square District.
The $56.4 million project, led by Boston-based Beacon Communities, is an adaptive reuse with an eye toward historic preservation. It will turn an underutilized parking lot on State Street and partially vacant upper-floor spaces along Chapel Street into 76 studio, one-, and two-bedroom apartments. Sixty of the units will be affordable to households with incomes at or below 30%, 50%, or 60% of the area median income, the development team said.
The new property will also include 19,000 square feet of ground-floor commercial retail space in the heart of New Haven, within walking distance of local restaurants, retail stores, CT Transit bus routes, and the New Haven State Street Train Station.
Construction is expected to be completed by the end of 2025, and will bring much-needed housing options to New Haven, where nearly 1,000 new or renovated apartments are expected to come online in 2024, with thousands more having been developed in the past few years and as more are set to open in the coming years.
Beacon Communities has worked on several senior, affordable or historic renovations around the Northeast, including the Edith Johnson Towers and Montgomery Place projects in New Haven, and the Montgomery Mills historic restoration project in Windsor Locks.
