Boost for New London With Condo Complex Planned for City Center
City and state leaders are praising a planned condominium complex on Howard Street in New London as one of the first steps in a major boost to the city’s urban center.
A ceremonial signing of a development agreement for Shipway 221 was held recently at the Fort Trumbull conference center. The phased development, with construction expected to start by spring, will start with 70 units and is expected to later grow to 200 units with prices starting above $200,000.
The $30 million project, on long vacant land owned by Renaissance City Development Association, is being developed by New London County Realty with project manager Tony Silvestri and financial backer Louis Tagliatela of the Franklin Construction Company.
Amenities abound back to top
The project will have amenities that include an all-seasons pool, outdoor theater, rooftop gathering area, gym, climbing wall and pub.
Shipway 221 is one of two developments planned along Howard Street that will take advantage of the growing number of employees at the nearby General Dynamics Electric Boat facility.
A.R. Building Co., now working to complete a $14 million, 104-unit apartment complex on Mansfield Road, has proposed a $17 million, 90-unit apartment complex at the corner of Bank and Howard streets on land known as Parcel J.