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August 10, 2022

Spinnaker celebrates opening of Phase 2 of Audubon complex, breaks ground on Phase 3

PHOTO | Liese Klein Developer Clay Fowler of Spinnaker Real Estate Partners cuts the ribbon on Phase 2 of the Audubon housing complex in New Haven on Aug. 10, 2022.
By Liese Klein

Developer Spinnaker Real Estate Partners and New Haven officials on Wednesday hailed the completion of part of a major new apartment complex downtown and broke ground on the project’s final phase. 

The opening of the second phase of The Audubon New Haven brings another 135 housing units to the rental market, with 66 more units expected when the third phase wraps up. In addition to the new apartments, Phase 2 of the project includes 6,900 square feet of ground-floor retail space at 335 Orange St.

Spinnaker CEO Clay Fowler said that his company loves developing in New Haven and has seen strong demand for the new phase of the complex. The 135 units were fully leased in 100 days, Ann D'Eugenio of leasing agent Bozzuto said. 

"More is better," Fowler said of the new phase, expected to add more than 500 new residents to downtown.

"People make places and therefore there's more economic activity. It's really, really important. That's why this job, as big as it is, has been really important. It's changed the neighborhood just all by itself," Fowler said. 

Economic Development Administrator Michael Piscitelli said that 2,600 new apartments are in the development pipeline. 

"This drive to higher density has created incredible value indirectly at our new stores, opening up restaurants and supporting the brick and mortar," Piscitelli said. 

Image | Liese Klein
Developer Clay Fowler of Spinnaker Real Estate Partners and city officials break ground on the third phase of The Audubon apartments, with the first phase in the background, on Aug. 10, 2022.

The Audubon’s third phase will result in 66 new housing units at 29 Audubon St., including townhomes and larger units for families. 

The 3.3-acre property now home to the Audubon was once home to offices of The New Haven Register newspaper. In recent years, Frontier Communications used the lot for employee parking. 

When completed, the complex will house 470 apartments ranging from studios to three-bedroom units. Construction began on the first phase in 2018. 

Spinnaker is one of several developers adding mostly market-rate units in recent years as New Haven's rental market continues to boom. 

Spinnaker also plans a new development for the site of the former New Haven Coliseum. CEO Clayton Fowler said Wednesday that he expects to break ground on the first phase of that project in 60 days.

Contact Liese Klein at lklein@newhavenbiz.com.

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