Developers looking at CT suburbs, Shoreline for new apartment projects
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An artist’s rendering of The Bradley, a 30-unit apartment complex that will be built on Bradley Road in Madison, near the town’s commuter rail station and a few blocks from downtown.Contributed photo
Much of the focus of residential developers building apartments in Connecticut in recent years has been on the state’s urban centers: Stamford, New Haven and Hartford cities with restaurants, services, commuter rail service and entertainment venues, with many of the apartments within walking distance.
But over the past two years, interest has grown in building apartment complexes big and small in New Haven’s suburbs and beyond. The latest evidence of that trend is “The Bradley,” a 30-unit apartment complex on Bradley Road in Madison.
‘Things went gangbusters’: Connecticut housing market soared in second half of 2020
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Homes for sale in the Compo Beach area Thursday December 3, 2020, in Westport, Conn. In a projected seller s market for 2021, few sellers nationally will do better than those in the Greenwich-Bridgeport corridor according to Realtor.com, which is projecting a 7.8 percent increase in home prices amid a continued flight to the suburbs even as vaccines arrive.
Photo: Erik Trautmann / Hearst Connecticut Media
Sales and the median sale price of single-family homes in Connecticut surged in 2020, despite a slump in the second quarter when COVID-19’s economic impact began hitting the state and nation.