Back to Life! Apartment Complex Key to New Britain Revitalization
The City of New Britain and the Chrysalis Center Real Estate Corporation (CCREC) recently held 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 20 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.
Downtown redevelopment plan back to top
“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.”