The Colt Complex, perhaps best identified by the East Armory’s famous blue-onion dome, has been undergoing steady renovations. Work will soon begin on the complex’s lesser known North Armory, a five-story structure, and the last major building remaining to be renovated in the $120 million redevelopment of the firearms manufacturing complex, reports the Hartford Courant. Once complete, the building will house 36 apartments on the top three floors, bringing the total number of apartments in the complex to 165; commercial space on the second floor; and shops and restaurants or light industrial on the ground floor.
According to the Courant, the Colt Gateway redevelopment goes back nearly two decades. The project gained significant momentum since 2010 under the most recent development team — Hartford-based CG Management Co. and the tax credit investment arm of oil giant Chevron. About a third of the development is publicly financed.