360 State Street

New Haven broke ground with developer Becker and Becker on the redevelopment of one of the most prominent city-owned sites: a former department store, which had been a surface parking lot for over 40 years, at the corner of Chapel and State. The LEED Platinum, $190 million, 500-unit, 32-story luxury apartment / mixed use tower is the largest private investment in downtown New Haven in more than two decades. The development also includes 20,000 s.f. of ground floor retail / urban grocery store, 500 spaces of structured parking, as well as planned office space. The development is expected to generate more than $3 million in property taxes by 2013. The building is currently 97% occupied, profiting from the strong demand for proximity to Downtown amenities, the medical district and Yale University.

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