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November 9, 2023

Construction to begin on Fuller Brush apartment redevelopment in Hartford

PHOTO | COSTAR The Fuller Brush complex in Hartford’s North End.
By Greg Bordonaro

Redevelopment of the sprawling Fuller Brush Co. factory campus in Hartford’s North End is set to begin in the coming weeks, now that the developer has closed on project financing, officials said. 

Shelbourne Global Solutions has secured financing for the redevelopment’s $42.1 million first phase, which will break ground in about 10 days, officials said. 

The project’s first phase will involve the gut rehab of three buildings on the 12.5 acre Fuller Brush Co. property, at 3580 Main St., which Shelbourne purchased in 2020 for $4.3 million. 

The first phase will yield 155 mostly one-bedroom apartments in two of the buildings. The third building will be redeveloped into amenity space.

Construction will take about 18 months to complete, officials said. 

Financing for the project closed on Thursday, according to Michael Freimuth, executive director of the Capital Region Development Authority. 

It includes $22 million in bank loans from multiple lenders, $2.1 million in private equity, $6 million in state and federal historic tax credits, and a $1.1 million federal grant provided by the city, Freimuth said. 

The CRDA is also providing an $8.5 million construction loan that will convert to a $6.5 million permanent loan, Freimuth said. 

The property is the former headquarters of the Fuller Brush Co. and it was built in 1922.

It has 10 buildings with 326,000 square feet of space. 
 

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