Project Type: Cleanup Planning
Activity: The Naugatuck Valley Council of Government’s Revolving Loan Fund Committee has sub granted the City of Torrington $44,000 from its Revolving Loan Fund (RLF) to help aid with cleanup planning at 100 Franklin Street.
Status: Although the project is on-going, the NVCOG RLF funded portion of this project has been completed. The City of Torrington has selected PennRose as the preferred developer for this project. According to PennRose, the site has been proposed as a Riverfront mixed-income, mixed-use community of 60 family apartments and retail (1,200 SF). The new development will revitalize the former Torrington Manufacturing Company (Torin) site and contribute to a vibrant, pedestrian-friendly downtown. Construction started in Spring 2021 and will be ready for occupancy Summer 2022. One-, two- and three-bedroom affordable (up to 70% AMI) and market rate apartments will be available. Resident amenities will include a rooftop deck, outdoor playground and seating areas, fitness center, community lounge, resident storage, and full-time management and maintenance staff.
Click the link for more information: riverfront-ct-coming-soon-flyer.pdf (pennrose.com)