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The new fund is the ninth in a series invested and managed by BLT and will have an anchor investment of $102.5 million.
“I don’t know of any private shipyard that can get the kind of help that (Harbor Point developer Building and Land Technology) does,” says the group's co-founder Maureen Boylan. BLT Co-president Ted Ferrarone maintains that everything is being done properly.
The Peninsula at Harbor Point site is available immediately for the development of up to 1 million square feet.
“A lot of people have the impression that all the new development going on hasn’t created opportunities for below market rate units,” says BLT CEO Ted Ferrarone. “That is a misperception.”
The developer says the system is expected to generate 732,400 kilowatt-hours (kWh) of clean, renewable energy per year, enough to power 70 homes.
Junction at North Seven, which opened May 2 at 87 Glover Ave. in Norwalk, is being touted as a pop-up party space with an indoor beer garden and food hall.