Pennrose, The Cloud Company, local officials and project partners marked the groundbreaking of Trinity Street Apartments, the redevelopment of two vacant, 1920s-era state office buildings in Hartford, CT into 104 mixed-income rental homes. The development team plans to begin welcoming residents in early 2027.
Trinity Street Apartments will deliver 83 market-rate and 21 income-restricted units at 50% to 60% of the Area Median Income, with studio, one-, and two-bedroom apartments available. The project also calls for approximately 4,000 square feet of ground-floor retail space and significant building improvements.
“Located directly across the street from Hartford’s historic Bushnell Park and the State Capitol, Trinity Street Apartments will bring vitality, investment, and much-needed housing to one of Connecticut’s most iconic locations,” said Karmen Cheung, regional VP at Pennrose. “As the state continues to grapple with the housing crisis, we hope the project serves as a model for successful and equitable office-to-housing conversions.”
EYA LLC, a D.C.-based urban infill residential developer, is advancing two major residential projects in Northern Virginia. The firm’s Prosperity Park project received approval from the Fairfax County Board of Supervisors, and the Idylwood Hill development reached a key milestone with the closing of its 6.97-acre site in Falls Church. The two projects will bring...
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Timberlane Partners purchased Canopy Apartments, a 336-unit garden-style apartment community located at 923 112th St. SW in Everett, WA, for $82.75M, or $246,279 per unit. The acquisition was made in partnership with NY-based EOS Residential Investors. Canopy is the sixth acquisition through Timberlane Acquisition Fund II (TAF II) and follows the firm’s $37M acquisition of...
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Trademark Property Company and Morgan broke ground yesterday on a 362-unit Class A multifamily community at 3900 Lemmon Avenue in Dallas’ Oak Lawn neighborhood, adjacent to Turtle Creek. The first residences are expected to be completed in fall 2028, with full delivery in the second quarter of 2029. Costs for the project are estimated at $100...
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