Stalled Munson Project Rumbles Back To Life

Thomas Breen photos

201 Munson St., now under construction.

After years of lying quiet and empty, a 12.7‑acre vacant former industrial site on Munson Street is now bustling with activity — with construction vehicles and hard-hatted workers back on location, paving the way for hundreds of new apartments.

That’s the scene at the former site of the Olin Chemical Company at 201 Munson St. and 23 Shelton Ave. on the border of the Dixwell, Newhallville, and Science Park neighborhoods.

Over the past two weeks, the New York City-based construction firm Hudson Meridian has moved a trailer, several excavators, an industrial wood chipper, and yellow-vested construction workers onto the property. 

This week those crews have been clearing and cleaning up the long-vacant site.

All with the goal of building out a new six-story, 398-unit apartment complex replete with 474 surface and garage parking spaces and a green expanse of lawn sloping up in the direction of Shelton Avenue.

Design rendering of future apartment complex.

The recently resumed construction site activity marks quite the change for the 201 Munson St. project, which appeared to have stalled over the past few years as the previous owners flipped the property for $15 million, and as the new owners appeared to struggle to put together enough financing to get the development off the ground.

The project won its last needed city approval back in December 2019, when the City Plan Commission signed off on the site plan.

Those years worth of delays, meanwhile, all appeared to change in early May, when the current ownership partners — including investors Sherman Chin and William Lin and Hudson Meridian’s William Cote — landed a $78 million mortgage loan from the California-based commercial real estate lender ACORE Capital.

Soon thereafter, Cote’s firm sent out a press release, announcing that Hudson Meridian Construction Group had obtained construction financing from ACORE Capital and Sculptor Real Estate to fund the development of the apartment project. 

And by early June, the construction vehicles and workers were on the site, tearing down trees and pulling up asphalt and beginning to transform the derelict property.

The May 18 press release sent out by Hudson Meridian also announced that Paredim Partners — the same company that recently bought the Taft Apartments downtown for $52 million, and that has been a long-time investor, landlord, and property manager in New Haven — has joined the 201 Munson St. team, and will be handling leasing and management for the property once it’s built.

YouTube image

Paredim Partners' David Parisier.

On Tuesday afternoon, Paredim Partners Managing Director David Parisier detailed for the Independent what exactly is happening at 201 Munson St. now — and what neighbors should expect to see in the weeks, months, and years ahead.

Right now, he said, the Hudson Meridian construction crew is clearing the site, removing the remnants of any structures that remain, as well as [working on] the brownfield remediation.” 

The former industrial site still has PCBs and lead-contaminated soil. Parisier said the builders have all necessary approvals in place for their remediation plan, and that whatever needs to be removed, will be removed” from the site. 

All the materials that are extracted will be removed and disposed of off site, per the DEEP [state Department of Energy and Environmental Protection] standards,” he continued. Then there’s going to be a process of sampling and making sure the site is ready for the next phase, which is the development of the buildings.”

The Farmington Canal stretch that runs just to the east of 201 Munson.

He estimated that the current site-leveling, demolition, and environmental remediation work should be done by the end of this summer or early fall. That’s when the construction firm will start building up the new apartment buildings.

In total, he said, the development should take 18 to 24 months from start to finish. And, as evidenced by all of the activity on the site right now, that timeline has already started.

The resumption of demolition, site clearing and construction work at 201 Munson St. come as a host of new apartment projects have been approved and should soon be underway in nearby in Science Park and Dixwell.

Those include 176 new apartments planned for across the street at 291 – 309 Ashmun St. and 176 – 186 Canal St.; 287 new apartments, two new privately owned streets, and a new public plaza planned for Winchester Avenue; a mix of new apartments, stores, and cultural venues planned for the soon-to-be-demolished-and-redeveloped Dixwell Plaza; and 69 new apartments planned for Joe Grate’s Lot” at Dixwell Avenue and Munson Street.

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