The developer has yet to file any applications for the second and third buildings, said Assistant Planner David Killeen. The brochure lists projected completion dates of June 2018 for The Forest and June 2019 for Park Place - although it also suggests that The Atwood’s retail space would be available in January 2017 and its residential units would be available in June of this year both goals it appears to have run over. The Atwood, which at the time it was approved was valued at $18 million, would generate $101,776 in property tax revenue for the city in its first year and $370,279 by the eighth year of a property tax phase-in the City Council approved early last year, officials have said. Park Place would include 50 market-rate apartments and 16,000 square feet of retail space.Ĭollectively, the three projects are estimated to produce more than $1 million in annual property tax revenue for the city, officials have said. The brochure, aimed at potential retail tenants, boasts that at The Atwood, 6,000 students on the University of New Haven’s campus, just off Route 1 up the hill from the development, are “only 400 feet away.”Īccording to the flyer, The Forest would include 62 market-rate apartments and 18,000 square feet of retail space. Neither Beckerman nor Letendre could immediately be reached for comment. O’Brien’s development chief, Commissioner of Planning and Development Joseph Riccio Jr., did not return several calls for comment. The statement did not address the two additional buildings shown on the brochure. Letendre Wednesday for a tour of The Atwood to see its progress. CEO, and Acorn Group Vice President Gary S. “I am grateful to David Beckerman for bringing his unique vision to this project, which is expected to include at least three national tenants,” said O’Brien, who joined Beckerman, the former Starter Corp. “I hope my fellow Westies are as excited as I am about the forthcoming opening of The Atwood, an upscale housing and retail development that will generate much-needed property tax revenue for the city while helping to transform our Allingtown neighborhood into a true college community,” Mayor Ed O’Brien said in an emailed statement. Together, they add up to 240,000 total square feet of development, including 50,000 square feet of retail space and 179 apartments - with an estimated total of 400 new residences between them. It shows The Forest with 50 apartments and 16,000 square feet of retail space and Park Place as offering 62 apartments and 18,000 square feet of retail space. The flyer, entitled “Be Part of The Birth of a College Town,” was posted Tuesday on the city’s website, along with a short narrative. The Acorn Group website, which calls the flyer’s “Park Place” building “Park View,” refers to them collectively as “University Commons.” “The Forest” would be built on the former site of the Forest Theater at the main intersection of the Boston Post Road, Campbell Avenue and Forest Road, and “Park Place” would be built behind the Allingtown Green along what now is Cellini Place - but in the brochure’s rendering, looks as if it would be abandoned.
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