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Apartments proposed for site of Burlington store in CT city

Developer RMS is proposing an apartment complex for the site of the soon-to-close Burlington store in downtown Stamford.

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Economic turbulence expected to tighten multifamily housing market

Veteran developer Martin J. Kenny, of Hartford-based Lexington Partners, said apartments are probably among the safest investments during periods of high inflation, but he sees a heightened number of projects going underwater as interest rates and construction costs soar.

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2022 Power 50: 25. Randy Salvatore

After years of delay and anticipation, the first phase of the mixed-use development near Dunkin’ Donuts Park in Hartford will debut in 2022. Stamford-based developer RMS Cos. broke ground on the project’s first phase in October 2020, and has completed construction of the 330-space parking garage. RMS CEO and President Randy Salvatore said construction on the $50-million project’s first phase, which will yield 270 apartment units, should be completed by this spring.

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Randy Salvatore

Randy Salvatore
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2021 Power 25 Real Estate: Randy Salvatore

2021 Power 25 Real Estate: Randy Salvatore
hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.