Developer Pitches Apartments For Historic New London Properties

NEW LONDON, CT — A developer is seeking to transform two properties into residential units, according to documents filed with the city.

Parker Benjamin has made a "financial commitment to the historic adaptive reuse of Tilley Corners, 157 Green Street, and Monte Cristo, 6 Union Street, as a collaborative initiative between the City of New London and Parker Benjamin," the developer wrote.

The company is seeking to create 29 residential units with 20% of the project reserved for affordable housing.

"The additional affordable housing units will help address the critical need for affordable housing in the state," Parker Benjamin wrote.

The project is also intended to "align with the ongoing downtown New London revitalization efforts..."

The 157 Green St. property is a former church that sold for $315,000, according to a real estate listing. The property dates back to 1900.

The 6 Union St. address dates back to 1890 and was home to Farrar Sails since 1999, according to Preservation Connecticut.

The city is applying for a Community Investment Fund grant for the project.

The developer "was vital in revitalizing the historic Manwaring building in New London, a three-story commercial block built in 1913 in the Second Renaissance Revival style, located downtown," city officials wrote. "Additionally, they were involved in developing Riverbank, a mixed-use property comprising 32 luxury apartments, a brewery, a restaurant, and a retail store on Bank Street in New London."

The project is on the agenda for the City Council's Monday meeting.