SOUTHINGTON — Construction has started on townhouses and apartments on Eden Avenue, a downtown development that will total 64 residential units.
Homestake Capital, a New Jersey-based company, owns the project. Local developer Mark Lovley is building it.
Plans for the housing behind the Dollar Tree plaza on Main Street have changed over the years, delaying construction. Lovley first proposed more than 80 units in 2015.
The town’s building department issued a permit for construction of one townhouse building and expects permit applications for more soon.
Each of the three townhouse buildings will have five two-story units and a one-story unit that is handicapped-adaptable.
The foundation for the first townhouse is complete, Lovley said. He expects to start the other buildings soon and have the first units ready for occupancy by the end of August.
The pre-construction price for a townhouse is $229,900. Prices will rise at least $10,000 for future units, Lovley said.
The one-bedroom apartments will rent for $1,350 a month with utilities; two bedroom apartments will rent for $1,650 with utilities.
Homestake Capital managing principal Michael Kokes believes the new home market in the region is underserved, particularly in the price range of the townhouse units.
“Eden and Main will give its residents an opportunity to live in a pedestrian-friendly neighborhood right in the heart of downtown Southington. Based on the high volume of prospect inquiries, early indications seem to suggest that this project will be well-received,” Kokes said.
“We already have five customers looking at the first building,” Lovley said. “We’ve got one deposit already. We’re working on a couple more.”
Town leaders had complained about the lack of progress on the site last year but were encouraged that Lovley, who had left the project, was involved again.
Diversified Realty Advisors, a New Jersey- based company, took over the project from Lovley. The company also had the Greenway Commons project downtown, but has since left both.
Read more articles like this and help support local journalism by subscribing to the Record Journal.
Unlimited Digital Access just 99¢
Read more articles like this by subscribing to the Record Journal.
Unlimited Digital Access for just 99¢