Hartford eyes $1.6M purchase of Upper Albany warehouse, associated lots for redevelopment
CoStar
51 Homestead Ave., Hartford
Hartford Mayor Arunan Arulampalam is angling for the city to buy a 125-year-old, 66,549-square-foot warehouse and five acres along Homestead Avenue as part of a broader redevelopment push in the Upper Albany neighborhood.
The warehouse at 51 Homestead Ave. and associated parking lots at 101 Homestead Ave. and 255 Garden St., are owned by St. Francis Hospital. The properties are set along a busy artery between West Hartford and downtown Hartford. The stretch is lined with a mix of single and multifamily housing and underused industrial properties.
The properties are part of a block that includes other buildings already owned by the city, including a nearly 30,000-square-foot, 115-year-old industrial facility immediately adjacent to the warehouse owned by St. Francis.
Altogether, the properties would give the city control of more than 6.5 acres along the heavily traveled corridor, making it an ideal site for redevelopment, Arulampalam wrote in a memo to the City Council.
As part of the council’s April 14 agenda, Arulampalam is seeking authorization to spend $1.6 million in budget surplus funds to buy the properties for redevelopment.
Arulampalam notes the city has been approved for a state grant to cover the cost, and the city would be reimbursed when the grant dollars arrive.
Whatever is built on the site would be guided by the “Homestead Avenue Redevelopment Plan,” a city-led effort engaging stakeholders and planners to lay out a vision for rejuvenating the corridor.
That effort was launched last summer and is projected to wrap up this May, according to the original project timeline.
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