spaces — one, with 4,643 square feet, and the other, at 1,822 square feet.
What has been the interest so far?
Even though the first open house was Nov. 15, the property manager — Imagineers — has been reaching out to teacher unions, area school systems and colleges. So far, 18 units are under deposit, 14 of those are income restricted and four are marketrate. Of the four market-rate apartments, two would be leased by teachers.
RBH said teachers generally earn too much to qualify for the income-restricted apartments.
How does this project fit in downtown’s larger redevelopment puzzle?
Since 2015, downtown Hartford has added 885 rentals that included funding from The Capital Region Development Authority.
Another 551 units are in progress and 110 more are on the drawing board, for a total of 1,546, according to CRDA, a quasi-state agency created, in part, to increase market-rate apartment units in the city.
So far, CRDA says, demand seems to be holding up with overall occupancy in completed projects averaging 95 percent or better.
More residents are seen as key to transforming the city from a 9-to-5 to a 24/7 downtown.
Teachers Village Hartford apartments include studios and one- and two-bedroom units.