FOR IMMEDIATE RELEASE:
October 30, 2017
MEDIA ADVISORY: DOWNTOWN REDEVELOPMENT CELEBRATION TO TAKE PLACE THURSDAY
WHAT: Mayor Erin Stewart will host a downtown redevelopment celebration at the Courtland Arms Apartment Complex
WHEN: Thursday, November 2, 2017, 9 a.m.
WHERE: 57 Court St., New Britain, CT
WHO: Mayor Erin E. Stewart
Bill Carroll, Economic Development Director
Sharon L. Castelli, CEO, Chrysalis Center Real Estate Corporation
Maryellen M. Shuckerow, CDO, Chrysalis Center Real Estate Corporation
Officials from New Britain City Council
The City of New Britain and the Chrysalis Center Real Estate Corporation (CCREC) will be hosting a special celebration for the restoration of a 24 unit one-bedroom apartment complex. The Courtland Arms project entails a historic rehabilitation of the building that was originally constructed in 1925 but has been vacant and blighted for over 2o years.
CCREC is a private, non-profit, socially innovative multiservice organization that serves individuals and families living in the State of Connecticut.
Through the Connecticut Department of Housing’s Competitive Housing Assistance for Multifamily Properties Program, the restoration project received $2,300,000 in funding and will require an additional $6 million in non-DOH funding.
“This is great news for downtown New Britain. It will be exciting to see this long blighted property come back to life. This project will bring additional foot traffic to our downtown businesses and provide additional housing opportunities to more than 20 individuals,” said Mayor Erin Stewart.
The project falls into the city’s downtown redevelopment plan, which aims to bring affordable housing, new businesses, and a revitalization of Central Park to the downtown area. The apartment complex is less than a quarter mile away from CTfastrak’s New Britain Downtown Station, and lies within the corridor of New Britain’s downtown business and entertainment hub.
“It’s very exciting to see plans for this building finally move forward after close to 23 years vacant. It has been an eyesore and a very intimidating building that needs to be taken care of. I give credit to the Mayor and the Common Council for working with this organization. It is a good day for New Britain,” said Bill Carrol, the Business Development Coordinator for the City of New Britain.
Sharon Castelli, CEO of CCREC, said they look forward to restoring, “the majestic Courtland Arms to full use as an asset for downtown New Britain.”
For more information on Chrysalis Center Real Estate Corporation, visit http://www.chrysaliscenterct.org/.
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