Downtown Development

Citytrust Mixed-Use Development

CommCap acted as a pass-through entity for $3.1 million of financing from Connecticut’s Department of Economic and Community Development to Urban Green Builders for the development of 118 units of rental housing and 38,285 square feet of commercial/retail space. Under construction since 2006, approximately 95% of the apartments are completed and occupied and the space at the corner of Main and Bank Streets is now occupied by a new Citibank branch. Urban Green’s partner, GDC Properties is working enthusiastically to lease-up the remaining commercial spaces.