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281 Canal Street, Shelton

Project type: Abatement & Cleanup Planning

Activities: NVCOG’s Revolving Loan Fund Committee has approved a loan of $748,250 to 281 Canal Shelton, LLC to conduct cleanup activities at the former Ascom Hasler facility. The 1.87-acre site, located along the Housatonic River in downtown Shelton historically operated as a crucible and wire manufacturing facility, and currently contains a vacant, 82,000 square-foot structure. Redevelopment plans call for a new four story, mixed-income residential building that will contain approximately 130 apartments. 

Project Status: NVCOG and 281 Canal Shelton, LLC have signed a commitment letter and expect to sign a loan agreement in early summer.

Public Meeting: Representatives from NVCOG, the City of Shelton, and 281 Canal Shelton, LLC invite members of the public to attend an information meeting to present key updates on upcoming work and answer inquiries regarding environmental cleanup activities. The meeting is scheduled for Thursday, June 27, 2024, at 6:30 PM and will be held in the auditorium in Shelton City Hall, located at 54 Hill Street, Shelton, CT 06484.  Click here for additional information.