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698 South Main Street, Waterbury

Project Type: Cleanup Planning

Activities: NVCOG’s Revolving Loan Fund Committee has awarded the Waterbury Development Corporation a subgrant for $277,000, joining an initial award of $200,000 to facilitate cleanup planning and remedial activities at 698 South Main Street, Waterbury. This property, nestled between the Naugatuck and Mad Rivers, was once the campus of the Anamet network of factory buildings. The City of Waterbury’s plan for this site includes repurposing the 200,000-square-foot building back into light industrial, rebuilding with mixed-use, and adding a 0.45-mile expansion of the Naugatuck River Greenway, a multi-use trail that will provide opportunities for exercise, active transportation, and recreation while raising property values and connecting regional economic corridors. The Anamet complex is the subject of extensive ongoing investment, including $10,000,000 from state and local partners. Once completed, the site is expected to yield $100,000,000 in private investment.  

Project Status:  Environmental assessment activities within the high-bay building are complete. Demolition of mutiple buildings is complete, allowing remedial activities to begin. A Request for Proposals to secure a developer will be released in the coming months.