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đź”’Set for Hartford growth spurt, UConn seeks to offer downtown student housing

The University of Connecticut is deepening its ties to the Capital City, with plans to grow its downtown campus footprint while connecting students to new research, employment, internship and even housing opportunities.The expansion includes UConn taking over 51,000 square feet of vacant space at the XL Center, where the school this fall will debut new […]

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UConn’s tentative XL Center lease terms

Space: 51,077 square feet

Term: Five years, with two, five-year renewal options

Cost: $970,470 for first year, with 2.5% annual increases through year five, plus a pro rata share of any increases in common area operating costs.

Of note: $5 million in state bond funding will be used to cover relocation, tenant fit-out and approximately three years of lease costs. The university will pay entirely for years four and five.

Landlord: Northland

Source: UConn Board of Trustees

 

 

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