🔒Up to $8M apartment development eyed in Haddam

A development group that includes some prominent business owners in the region is eyeing a new apartment project in Haddam.

The developers recently purchased for $680,000 vacant land at 105 Bridge Road, town records show, where the apartment development is planned.

Sal Indomenico, who is vice president of Middletown-based Mason Contractors Inc., and his sister Connie Buscema, who is president of the company, are part of the development team.

Indomenico said the group — which also includes Joseph Sullo, CEO of Wethersfield-based ResturantSupply.com and Gianni Zarrilli — is planning a $7 million to $8 million apartment project on the site that will consist of 40 to 42 mostly one-bedroom units.

They will be market-rate apartments, he said, adding that final plans are still being worked on.

Indomenico said the town is putting in sidewalks in the area that would allow residents to more easily walk to local businesses, which makes the site attractive for development. The apartments would be located less than a mile away from the Goodspeed Opera House in East Haddam.

Indomenico said the area is zoned for residential apartments and the development group is working on a formal proposal to put in front of the planning and zoning commission soon.

“If the town gave us approval tomorrow we’d be all set with financing,” he said.

While many multifamily projects in the state have focused on wooing young professionals and empty nesters, Indomenico said they are targeting a wide potential renter base.

“It’s geared for the locals in the community,” he said.

Indomenico and his family are no strangers to the apartment business. He said they own over 600 apartment units in Hartford and New Britain.

They are also currently developing commercial condos in Middletown, he said.