Capewell Lofts

A relic of Hartford’s manufacturing days has been preserved for the future as new housing. This was CRDA’s eighth housing project, bringing the Authority’s total number of new apartments in the Hartford market to about 800 at the time.

The Corporation for Independent Living, Inc. (CIL), the Capewell developers, had the project plans in the works for some time, but were waiting for the last piece of funding. Meanwhile, a Department of Economic and Community Development (DECD) Brownfields grant funded the environmental clean-up in anticipation of the closing. The property is located at 70 Popieluszko Court in the south end of the city. The units are split 80 percent market rate and 20 percent designated as affordable, which the CRDA allows. The final financing for the Capewell Horse Nail Company closed on June 30, 2015.

The 72 units include 16 studios, 34 one-bedroom, 20 two-bedroom, and two three-bedroom rentals.

CRDA’s $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 acceptance 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:

Studios: $975-1,125 | One Bedrooms: $1,300-1,700 | Two Bedrooms: $1,600-1,950 | Three Bedrooms: $2,300