Paredim Partners, LLC, has acquired The Taft Apartments, a landmark apartment and commercial property in New Haven, CT.

Originally built as the Taft Hotel in 1912, the property was converted to multifamily apartments in 1978 and retains many of its original historic exterior and interior features. “We plan to return this special property to its position as the premier boutique residential property in the area and to enhance its aesthetics and amenity offerings via targeted upgrades,” said David Parisier, managing director of Paredim.

The Taft is situated across from Yale’s Old Campus and the historic New Haven Green. The 14-story building contains 194 studio, one and two-bedroom homes with views of the city and panoramic views across the Long Island Sound. The property also holds several of the city’s premier restaurant and nightlife venues.

The Taft caters to a mix of professional, graduate and medical school students and research professionals affiliated with or employed at Yale, New Haven Hospital and the surrounding businesses.