When complete, this mixed-use, mixed income project will provide much-needed, high-quality multi-family housing in the Stonington-Westerly region of Connecticut and Rhode Island with 46 market-rate and 12 affordable apartments.
The project comprises more than 124,000 square feet of space in one larger and two smaller brick buildings on a 2.39-acre site. The complex, built and operated by the William Clark Company in 1901 as a fabric manufacturing mill, is registered with the National Register of Historic Places, the U.S. Park Service and the Connecticut State Historic Preservation Office.
The exterior façade and floor structure of the existing building will be retained and restored while the balance of the interior will be gutted and fully renovated to accommodate modern and spacious units.
Total development cost is $24.6MM. Financing includes CHAMP funding from the Connecticut Department of Housing and State Historic Tax Credits.
Mixed-Use: Mixed-Income Housing
POKO Partners LLC
Total Development Cost
12 River Road, Stonington, CT
Construction Completed in
Adaptive Re-Use, Historic Preservation
124,000 square foot, 58-unit,
3-building complex with 9,000 square
feet of retail space