Please do not leave this page until complete. This can take a few moments.
The state Bond Commission will consider Friday whether to shift funding for a $5.5 million loan from a stalled mixed-use development in Hartford’s Upper Albany neighborhood to a prospective commercial space in the same general area.
The proposal would reallocate previously approved aid funneled through the Capital Region Development Authority to a 40,000-square-foot retail space focused on health and wellness, and expand the use of funds for complementary economic development along Albany Avenue. The Bond Commission’s agenda does not list the project’s developer.
The general obligation bonds supporting the loan had been committed, through the CRDA, to a $21 million mixed-use development set to be built at the corner of Woodland Street and Albany Avenue. Plans for that site included 75 affordable housing units and 20,000 square feet of retail space.
The commission’s agenda notes that the developer for the project, Seven Summits, has been facing concerns from the community over the density of the housing.
The Hartford Business Journal reported in April that Development Services Interim Director I. Charles Matthews had recommended that the city postpone signing a lease with Seven Summits for the property.
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Learn moreHartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
SubscribeDelivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments