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After 5 years, CT public housing complex to be redeveloped

After 5 years, Hartford public housing complex will be redeveloped. Major step in neighborhood revitalization. ....

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CT city sees big change for redevelopment of housing complex

CT city sees big change for redevelopment of housing complex
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Inflation, interest rate hikes delay $50M Hartford housing complex redevelopment

A redevelopment of the Martin Luther King apartments in Hartford’s Sheldon Charter Oak neighborhood has been stymied after organizers learned inflation and higher interest rates have increased the project’s costs by about $8 million.

“We thought we had it sourced, but interest rates went up and construction costs went up,” said Capital Region Development Authority Executive Director Michael Freimuth of the now $58 million project. “We got hit on both ends and it opened up a hole.” ....

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Inflation, interest rate hikes delay $50M Hartford housing complex redevelopment

A redevelopment of the Martin Luther King apartments in Hartford’s Sheldon Charter Oak Neighborhood has been stymied after organizers learned inflation and higher interest rates have increased the project’s costs by about $8 million.

“We thought we had it sourced, but interest rates went up and construction costs went up,” said Capital Region Development Authority Executive Director Michael Freimuth of the now $58 million project. “We got hit on both ends and it opened up a hole.” ....

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A key Hartford apartment redevelopment project may be delayed for months. Here's why and what developers are up against – Hartford Courant

The ambitious redevelopment of the deteriorating Martin Luther King Apartments near downtown expected to start this spring will now be delayed for months. ....

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