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Second phase of HB Nitkin development to begin in Hartford

The second phase of a mixed-use project being developed by HB Nitkin Group in downtown Hartford is set to begin this summer after securing financing, according to reports.

A combination of private loans and equity and state grants that have previously been approved will finance a $35 million retail and residential component of the Front Street development, which is being led by the Greenwich-based HB Nitkin Group, according to the Hartford Courant.

Under the current plans, the residential component would include a five-story, 115-unit apartment building, with the units ranging from 750 to 1,000 square feet. The building’s first floor will also include a 25,000-square-foot retail space along Prospect and Front streets in Hartford.

Construction is expected to begin in late spring or early summer, with the building ready for occupancy by 2015, according to the report.

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Patrick Gallagher

Bio: Fairfield County Bureau Chief Staff Reporter Westchester County Business Journal Covers: Economy, energy, government, infrastructure and public works projects, law, media, technology Phone: (914) 694-3600, ext. 3017

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