Overview
State Investment:
$5,860,000 State-Owned and Formerly State-Owned Brownfield Grant
$500,000 Targeted Brownfield Development Loan
Total Investment:
$21,570,000
Location:
470 James Street, New Haven, CT
The Developer, District NHV, is adaptively reusing the former CT Transit site at 470 James Street into a unique tech-campus, complete with incubator and co-working space. The project has drawn the commitments of new and expanding local New Haven businesses. Of the current 195,000 square feet, 100,000 square feet will be kept and restored, 5,000 square feet of the new construction will be added, while the remaining 95,000 square feet will be razed for remediation. The new campus will provide many amenities that will act as community strengthening features.
It will include the Mill River Trail improved with a river walk garden, a kayak launch, a field for farmers market, and an amphitheater. It will also include a gym complex and restaurant. This redevelopment is tracked to directly retain 70-100 jobs within the city and produce 200-250 jobs within two years. State-Owned brownfield funds have been paired with private funding to remediate and redevelop the Former CT Transit site.
Old
New
