Derby Downtown LLC Presents Preliminary Plans For Building Multi-Use Complex On Factory Street

The developer presented their preliminary plans to The City of Derby Planning and Zoning Committee to build a multi-use complex off Route 34 and Factory Street in the southern section of the city designed to attract millennials and empty-nesters.
By: Derby Downtown LLC
 
 
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* Economic Development
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* Multi-use Complex

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DERBY, Conn. - April 18, 2018 - PRLog -- On April 17, 2018, Derby Downtown LLC presented preliminary plans to the Planning Sub-Committee of the Planning and Zoning Commission City of Derby to develop a multi-use residential and commercial complex, Factory Street Square, created to attract young millennials and empty nesters.

The proposed initial building complex will feature 300 one to two-bedroom unit apartments in a 3 to 4-storied building with retail stores, an eclectic mix of restaurants, and office units on the ground floor. Apartment leasing agreements will include amenity packages with access to high-speed Wi-Fi, indoor golf simulator, health club, in-complex library, bike racks, dog-sitting-walking-grooming services, and possibly a rooftop garden and community spaces.

The Factory Street Square mixed-use complex is proposed to offer easy commuter access to Routes 8, 95 and the Merritt Parkway, plus the Bridgeport-New Haven-Waterbury rail lines. Hiking, walking and biking recreational trails are nearby and will add unique advantages to this distinctive location.

The predominant property in the development is owned by Jena-Bonazzoli-Barretta and Christopher M. Barretta Sr. who have partnered with family members and developers Jim and Steve Lepore to create Derby Downtown LLC. The Barrettas have owned the property for almost 10 years and operate Barretta Landscape and Gardens out of the Factory Street location.

Representatives of Derby Downtown LLC stated, "Since 2005, the City of Derby has been working diligently to revitalize their once-industrial downtown. The upcoming improvement to Main Street/Route 34 in this area will demand a large-scale residential complex that offers affordable, modern rental units and attractive lifestyle for today's young and retired Connecticut residents.

"Factory Street is immediately adjacent to where off Route 8 and intersects with Main Street. This presentation before the Planning Sub-Committee is the first step in an anticipated timeline of additional presentations and public hearing that will take us to 'shovels in the ground' by early 2019."

City of Derby Mayor Richard Dziekan commented, "I couldn't be happier that we are starting to see some action on the south side of Main Street. The people of Derby have waited a very long time for this. My administration is committed to being business and development-friendly and we will continue to do whatever we can to accommodate everyone involved in development within our city's borders. We hope that once the Factory Street project starts, it will create a 'domino effect' for the rest of the downtown area. The private entities involved in the development of Factory Street have been very organized and impressive in their presentations to the city thus far, and I look forward to seeing their concepts come to fruition."

Derby Development LLC land use attorney Christopher J. Smith, Esq. of Shipman & Goodwin LLP of Hartford, presented the developer's plans to the Planning Sub-Committee and commented, "It is a very exciting proposal to be working on and this is a classic redevelopment plan. It is a rare opportunity that all the pieces for such a large project are in place at this early stage. The developer's proposal presents a real opportunity for this mixed-use complex to have a meaningful impact on the entire community."

Factory Street Square is the result of the City of Derby demolishing structurally unsound, long-neglected 19th-century buildings beginning in 2003. In 2005, the City's Redevelopment Agency adopted a 14-acre area south of Main Street known as the "Business Revitalization District" which removed blighted buildings with the intention of making the area an 'active residential mixed-use community.

Derby Downtown LLC representatives commented, "Our proposed Factory Street Square multi-use complex fits perfectly into the City's vision of bringing a youthful vibrancy, and a convenient and affordable style of living. In addition to the easy access to Routes 8 and 95, the commuter rail service, and fixed-route bus connections, the complex offers a much-desired wealth of amenities all within a beautifully-designed neighborhood.

Derby is the hub of the largest metropolitan area in Connecticut with its borders reaching New Haven, Bridgeport and north to Waterbury, plus it is just a one-hour drive to New York City. The popular Derby Greenway Trail is easily accessed from the proposed Factory Street Square.

The developers are looking forward to receiving public comment as the proposal works through the various City of Derby boards and commissions.

Commercial interests can email Derby Downtown LLC via derbydowntown@outlook.com.

Media Contact
Derby Downtown LLC
barbara@branagancommunications.com
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Tags:Economic Development, Derby CT, Multi-use Complex
Industry:Business
Location:Derby - Connecticut - United States
Subject:Projects
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