Winchester Partners, a collaboration between Twining Properties and LMXD, has announced the commencement of construction for Winchester Green, a new development at 315 Winchester Avenue in New Haven‘s Science Park. The $90 million project aims to turn an underutilized parking lot into a mixed-use and mixed-income community space, expected to open in early 2026.
Winchester Green is planned to hold 283 mixed-income apartments, with 57 units reserved for households earning an average of 50 percent of the area median income. The development also plans to include approximately 12,800 square feet of retail space.
Financing for Winchester Green has been led by the Urban Investment Group within Goldman Sachs Asset Management as the primary investment partner and tax credit investor. KeyBank provided the senior debt, supplemented by a tax-exempt loan from the New Haven Housing Authority. In addition, an affiliate of Winchester Partners secured a $5 million Urban Act Grant from the State of Connecticut Department of Economic and Community Development for adjacent infrastructure improvements.
“Winchester Partners will transform Science Park both as an economic driver and a vibrant neighborhood consistent with a citywide approach to inclusive growth,” said deputy mayor Michael Piscitelli, economic development administrator. “With both financial and technical support, our team of inspectors, planners, and housing experts are excited to move into the implementation phase of this important project.”
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Thank GOD we’re finally getting more residential housing for
Families and Singles!
The Elm City is on the ball!
Perhaps the incoming mayor is
Listing to the citizens!