NorthlandCorp. has broken ground on its $160 million redevelopment of the Hartford Civic Center Mall. When completed in 2006, Hartford 21 will consist of 262 luxury apartment units within a 36-story tower, making it the tallest residential building in New England.
The project also will boast 53,000 sq. ft. of retail and restaurant space, 93,000 sq. ft. of office space and an 800-car parking garage. The retail amenities will range from corner anchor stores and restaurants to small specialty shops.
"This is a monumental day for the city of Hartford and for Northland Investment Corp. Hartford 21 will replace the bunker-like Civic Center Mall and help transform Hartford into a daytime, nighttime, anytime destination," says Lawrence Gottesdiener, Northland chairman and CEO.
The Hartford 21 project is part of Connecticut Gov. John Rowland’s "Six Pillars of Progress" revitalization program for the city of Hartford. The Capital City EconomicAuthority (CCEDA) contributed $30.5 million in equity funding for the project, while additional partnerships with the Connecticut Development Authority (CDA) and Aetna Life Insurance Co. provided the balance of the $80 million equity investment required by the project.