Project Type: Assessment
Activities: NVCOG’s Revolving Loan Fund Committee awarded the city of Derby $293,000 to conduct remedial activities at a former and currently vacant autobody shop. The site is located along the Naugatuck River, within a Transportation Oriented Development area and in close proximity to other downtown redevelopment projects. Supplemented by a $650,000 grant from the Connecticut Department of Economic and Community Development (DECD), these grants will leverage approximately $15 million in private investments to build a mixed-use space with 90 high-quality one and two-bedroom apartments with ground-floor commercial space and additional parking.
Project Status: Derby has signed an agreement with BL Companies to oversee the remaining remedial activities. The Developer, Cedar Village Minerva Square, and Brennan Construction have selected a contractor to complete abatement and construction services. Work is expected to begin in September. All parties have signed a financial assistance proposal with DECD.
Public Meeting: NVCOG held a public meeting to present key updates on upcoming work and answer public inquiries about the project. The presented documents are available below.