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Pennrose Cuts Ribbon on First Phase of Naugatuck Redevelopment
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Pennrose, The Cloud Company and the Borough of Naugatuck, CT cut the ribbon on Platform at Naugatuck, the first phase of a multi-phase redevelopment of a vacant, seven-acre site on Old Firehouse Road. The development delivers 60 apartments, approximately 3,000 square feet of ground-floor commercial space and an array of resident amenities.

“After years of sitting as a vacant lot, this site has been transformed into high-quality, affordable homes for Naugatuck families, and today we welcome them home,” said Karmen Cheung, regional VP at Pennrose. “This development is the first step in a larger plan to reimagine downtown.”

Once complete, the three-phase redevelopment will create 180 new mixed-income apartments across three 60-unit buildings and more than 7,000 square feet of commercial space. The full site plan also includes a new public green space featuring a market plaza, central lawn and gardens.

The post Pennrose Cuts Ribbon on First Phase of Naugatuck Redevelopment appeared first on Connect CRE.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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