C A S E S T U D Y
HMCG’s flagship development project, Axis 201 is a gated multifamily rental community located at 201 Munson Street in New Haven, CT (www.axis201.com)
- 13-acre brownfield site adjacent to the Science Park at Yale University, an 80-acre campus containing over 2 million square feet of tech and innovation space
- Within one-mile of Yale University’s main campus
Phase 1 is comprised of 398 units (499,131 GSF ) with studio, 1BR and 2BR configurations, and 3BR townhomes with garages as well as 280 structured & 156 surface off-street parking spaces
- Highly amenitized property including a pool, rooftop deck, interactive fitness center, yoga studio, cinema, golf-simulator, private workspaces and conference room
- Phase 1 construction start of May 2022 with an expected completion date of October 2024
- Project is currently in lease-up
Construction and development activity highlights:
- Amended original site plan approval for Phase I to fully utilize site and improve Phase II development potential
- Remediation of a former firearms manufacturing site in CT brownfields program with significant lead and VOC’s in soil
- Secured a 5-year tax deferral phase-in post remediation and foundation work
- Remaining Phase II construction as-of-right for up to 500 additional units
Property management partner, Paredim Partners, a premier operator of multifamily properties with over 20-years of history and significant New Haven market presence
