A relic of Hartford’s manufacturing days will be preserved for the future as new housing. The final financing for the Capewell Horse Nail Company closed on June 30, 2015. This is CRDA’s eighth housing project bringing the Authority’s total number of new apartments to the Hartford market to about 800.
The Corporation for Independent Living, Inc. (CIL), the Capewell developers, have had the plans for the project in the works for some time, but were waiting for the last piece of funding. In the meantime, the Department of Economic and Community Development (DECD) Brownfields performed some environmental clean-up in anticipation of the closing. The property is located at 70 Popieluszko Court in the south end of Hartford. As with the other CRDA housing projects, 80 percent are market-rate and 20 percent are designated affordable. The 72 units are composed of 16 studios, 34 one-bedroom, 20 two-bedroom and two three-bedroom rentals.
CRDA’s funding of a $5 million loan provided the final gap financing, with three banks participating in the primary mortgage package. Along with federal and state historic credits, the redevelopment’s total cost reached $26 million.
Property Amenities Include:
- Pilates and yoga studio
- Billiards and game room
- Mezzanine and gallery
- Package acceptane service
- Full service on-site management
- Outdoor grilling patio and eating areas
- Bike storage
- Pet spa area
Capewell Lofts offer a variety of floor plans to choose from.The units are currently accepting applications.
Prices starting from: