HARTFORD: Capewell Lofts, a $26.8 million mixed-use redevelopment project, has been awarded LEED Gold Certification from the U.S. Green Building Council. CIL of Hartford a nonprofit real estate developer, completed the Capewell Lofts a $27 million project with 72 apartments in the city’s Sheldon-Charter Oak neighborhood, in November 2016.
Crosskey Architects served as the architect, interior designer, and LEED consultant for the project.
Capewell Lofts features the redevelopment of the historic Capewell Horse Nail Factory which was vacant for more than two decades as residential apartments and commercial office space. According to Crossey the Leed effort “exceeded its original goal to achieve LEED Silver.” The apartments includes both market rate and affordable apartments for residents with low or moderate income.
According to a report in the Hartford Courant financing the project was difficult reporting, “CIL struggled for two years to pull together a financing package, with three banks walking away from deals for an $8 million first mortgage. But in 2015, InsurBanc, a division of Westport-based Connecticut Community Bank, committed as the lead lender. Guilford Savings Bank provided $3 million of the first mortgage.”