July 24, 2018

Developer pitches 108-unit Newington apartment project near busway

PHOTO | Contributed
PHOTO | Contributed
A rendering of Cedar Pointe at 550 Cedar St. in Newington.

A Massachusetts-based developer that has been active building new apartments in Greater Hartford is eyeing a $32 million transit-oriented development on a long-vacant lot near a CTfastrak station in Newington.

Dakota Partners Inc., of Waltham, Mass., is asking Newington's Planning and Zoning Commission to create a "workforce assisted housing district (WAHD)" zone at 550 Cedar St. that would include a 108-unit affordable apartment complex.

The proposed three-story rental complex would be named Cedar Pointe.

Newington Town Planner Craig Minor said the proposal will be discussed at the planning board's Aug. 8 meeting and could meet town approval at subsequent meetings.

Under the proposal, the developer is plotting the complex on a 7.7-acre lot owned by Stop & Shop Supermarket, which is no longer interested in developing the land, said Dakota Partners Principal Marc Daigle. The property was formerly housed by automobile dealership Crest Motors.

If approved, Daigle says he expects construction crews of about 220 to break ground in spring 2019 with construction lasting 12 to 14 months.

The redevelopment will be funded mainly through state Department of Housing programs and the Connecticut Housing Finance Authority, according to the application. The state funding programs will dictate the number of units earmarked as lower-cost or workforce units, it said.

Applicants for affordable housing units at Cedar Pointe must meet certain low-income thresholds and prove employment, among other requirements. Daigle says Dakota has identified a need for affordable housing in the Newington area.

The proposal calls for 81 two-bedroom units and 27 one-bedroom units spanning 942 square feet and 708 square feet, respectively, and 152 parking spots.

Maximum monthly rent for one bedrooms will be $410 to $1,046 and two bedrooms will be $486 to $1,249.

Dakota Partners has acquired and developed multi-family rental properties across New England, New York and mid-Atlantic states. The developer has built housing in Hartford, New Milford and Brookfield and has ongoing projects in Suffield, New Britain and Uncainsvile.

Dakota Partners was part of the group that redeveloped a historic six-story building at 179 Allyn St. into 63 apartments and repurposed a former mill at 390 Capitol Ave. into 112-mixed income apartments. They are also currently involved with the $58 million mixed-use "Columbus Commons" development in New Britain that will include 160 residential units.

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