179 Allyn
Financial support from CRDA, Bank of America, historical tax credits, and NGM Insurance has enabled the redevelopment of 179 Allyn Street. The developer, Dakota Partners, LLC of Waltham, Massachusetts, converted the historical commercial office building into a mixed-use property with 63 one-bedroom apartments above existing street-level commercial space.
CRDA assisted the $14.89 million conversion project with a $6.5 million contribution in the form of a $3,250,000 loan with a 0.5 percent interest rate. The other $3,250,000 is in equity investment. Dakota Partners is an experienced residential developer with several completed residential development projects in Massachusetts. One Seventy-Nine Allyn Street is the first project Dakota Partners has sponsored in Connecticut. The apartments will be 80 percent market-rate and 20 percent affordable-rate rental units.
The 63 one-bedroom units were available for lease on December 1, 2014. Interested renters can call 860-785-4910.
Property Amenities:
- Fitness Center
- Community Lounge
- On-site Laundry Facility
- Secure Building Access
- Package Receiving
- Professional On-site Property Management
- 24-Hour Emergency Maintenance
- Pet Friendly
- Non-Smoking Environment
- Elevator Access
- Parking Available*
*Monthly Rates Apply
Apartment Features
- Spacious Floor Plans
- 12 Foot Ceilings
- Exposed Beams
- Heat, Water, and Central Air Included
- Modern and Stylish Kitchens and Bathrooms
- Appliances, including Dishwasher
- Ceiling Fans
- Vaulted Ceilings*
- Exposed Brick Walls*
*Select Units
BEFORE & AFTER
