city_council_committee_meeting_agenda_january_2023.pdf
Penrose Tapped as Developer for Westbrook Phase V
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Description
Penrose, LLC is named as the developer for the Westbrook Housing Phase V project in Hartford, a 58-unit mixed-income rental development at 1550 Albany Avenue. The project will be owned post-development by Westbrook V Housing, LLC under a long-term ground lease with the Housing Authority of the City of Hartford.
Contract Details
Vendor
PENROSE LLC
Agency
City of Hartford, CT
Contract Type
OTHER
Document Date
January 17, 2023
Contract Term
Project construction beginning in 2023; ownership structure involves 65-year ground lease to Westbrook V Housing, LLC
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