The property owner of 1-3 Colony Street, Christine Bonito, will no longer be pursuing residential units through the Come Home to Downtown program. Since March, CMSC has worked with the city and property owner Christine Bonito to create a plan for residential units and commercial space in the five-story building at the corner of Colony and West Main streets, reports the Meriden Record-Journal.
However, Ms. Bonito recently decided to put plans for residential units on hold, instead leasing the vacant space in the building to current tenants who would like to expand. John Simone, CMSC President & CEO told the Record-Journal that the attention Ms. Bonito received through the Come Home to Downtown program “made her tenants realize this is an incredible location,” and that while disappointed, it was good news that the building was seeing more activity.
CMSC was contracted by the Connecticut Housing Finance Authority (CHFA) to administer the Come Home to Downtown program, which was piloted in 2012. Property owners receive free architectural services through the program to develop more mixed-income housing. Meriden was chosen earlier this year because of its position near the railway, and New Britain was selected because it is along the state’s new busway.