Six-Story, 398-Unit Multifamily Headed to Science Park in New Haven
An affiliate of Hudson Meridian Construction Group has obtained construction financing from ACORE Capital and Sculptor Real Estate to fund the development of a six-story, 398-unit multifamily community at 201 Munson Street in the growing Science Park section of New Haven, CT.
The financing was arranged by Tessera Partners and Capital & Venture Resources.
Paredim Partners, LLC, has joined the Munson development partnership and the firm’s Paredim Communities division will conduct the leasing and management activities.
The community will have 90 studios, and 208 one-bedroom units, 78 two-bedroom units and 22 three-bedroom townhome-style units. Select homes will contain additional “live/work” spaces and many layouts will have outdoor spaces. The urban infill project will occupy the site of the former Olin Corp adjacent to the popular Farmington Canal Heritage Trail and Yale Science Park’s main commercial corridor. The former manufacturing site had degraded to a contaminated eyesore after sitting vacant for many years.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.