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Economic Development

🔒Lawmakers ease prevailing wage requirements on state-backed private development projects

A recent change in state law loosens a requirement attached to DECD grants, making more brownfield development projects viable.

New Haven organizations launch program designed to build generational wealth

The Wealth Accelerator is a research project that will investigate the efficacy of large-scale cash-injection programs.

🔒Developers pitch new hotel, hotel-to-apartment conversion in New Haven

The city of New Haven is considering two development projects involving hotels.

Amid buying spree, Electric Boat acquires former Macy’s in Waterford

It’s the latest in a string of real estate acquisitions by the yard in support of Columbia- and Virginia-class submarine production.
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Developers chosen for $316.1M mixed-use redevelopment at New Haven’s Union Station

Gilbane Development Company and MURAL Real Estate Partners have been selected to lead the project.

New federal courthouse in Hartford gets green light, enters design phase

The federal government on Monday released a “record of decision” for construction of a new courthouse on...

Minneapolis developer eyes $225M upscale housing project in Farmington

A Minneapolis-based developer is proposing a housing development in Farmington with hundreds of units, including a mix of...

Former West Hartford Holo-Krome manufacturing site, neighboring property, sell to developers for $3M

A pair of developers recently paid $3 million for two West Hartford properties that have been the...
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Norwalk’s Manresa Island Corp. provides update on progress toward public park

The nonprofit leading the development of Norwalk’s Manresa Island into a 125-acre publicly accessible park says it...

Former 136.5-acre Berlin farm sold to developer planning housing

After years of negotiation, a veteran Farmington builder has acquired a 136.5-acre farm in Berlin, where he...
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