SOUTHINGTON - Plans for townhouses and age-restricted apartments on Eden Avenue are moving forward, with groundbreaking expected in late February or early March.
The project was approved by the town’s Zoning Commission two years ago, but stalled out due to “complications” involvint a partner, according to Michael Kokes, managing principal at Homestake Capital LLC of Brielle, New Jersey.
Kokes said Homestake Capital is taking full charge of the project and “going forward full steam.”
“I’m happy to see that this project is back on track,” said Lou Perillo III, the town’s economic development director.
Kokes said Homestake has is approved to build 64 units: 41 age-restricted apartments and 23 townhouses.
“It’s going to be a nice, residential downtown center,” he said. “It will be close, within walking distance, to a lot of the local shops. I don’t think Southington has had construction like this in a long time, so we’re pretty excited.
Kokes said that when Homestake does break ground on the project, he would like to see a ceremony or ribbon cutting accompany it.
The site has been cleared and water and sewer lines have been installed.
“The construction is expected to take two years or less,” said Kokes. “We have met with the town a couple of times about this project and we’re happy to have worked together with them diligently as it moves forward.”
In the next week, Kokes said, he will be going through the permitting process for the townhouses. After that, the contractors plan to put in other utilities and begin digging the foundations for the buildings.
“Then everything else will be set in motion,” he said.
According to its website, Homestake Capital is “a boutique real estate investment firm” that is “focused on providing direct investment and non-traditional lending to residential and commercial developers.”
Brian M. Johnson can be reached at 860-973-1806 or email@example.com.