April 13, 2026

Housing Finance Development

It's Your Housing Finance Development

Significant housing projects in development across CT

Significant housing projects in development across CT

Housing, no matter which way you want to talk about it, is a key issue in Connecticut. 

The home-buying market since the start of the COVID-19 pandemic has been analyzed every which way due to skyrocketing prices, a shortage of housing stock, rising interest rates and more. 

Affordable housing is a separate, but sometimes controversial issue. Many towns across the state have much less available affordable housing than the state requires, but the rule is not strictly enforced. 

Developers across Connecticut are building, renovating and constructing housing at a rapid pace. Here we look at some significant housing developments in the state’s most populated regions. 


Brookfield

Green Acres

Updated design plans presented to the Zoning Commission in Brookfield for an apartment complex, Green Acres, on Federal Road.

Updated design plans presented to the Zoning Commission in Brookfield for an apartment complex, Green Acres, on Federal Road.

Contributed photo

A Pennsylvania-based firm is expected to start construction in spring 2023 on 100 apartments, including 20 incentive rate units at 857 Federal Road in Brookfield, according to Greg Dembowski, the town’s economic and community development specialist.

Known as the Green Acres Luxury Apartments, the project has been in the works for about a decade. The Brookfield Zoning Commission approved the development in 2013. Under new ownership, the design changed from four buildings to two.

Property records show Federal Road Apartments, LLC purchased the property for $2.15 million in April 2022. Some land clearing work has already started at the site, Dembowski said. The firm is based in Fields, Pa.

Danbury

Former News Times building

149-unit apartment building under construction at the former News-Times building at 333 Main Street, in Danbury, Conn. Tuesday, October 4, 2022.
149-unit apartment building under construction at the former News-Times building at 333 Main Street, in Danbury, Conn. Tuesday, October 4, 2022.H John Voorhees III/Hearst Connecticut Media

A 149-apartment building at the former headquarters of The News-Times should be completed by 2023, despite the developer missing two deadlines to have the Main Street project built by 2022. The complex will have a rooftop pool overlooking Main Street and a pedestrian bridge over the Still River in the back of the property that to an existing apartment building owned by the developer called Brookview Commons.

The five-story apartment complex, which is across the street from the 374-unit Kennedy Flats complex, was called “an important component of the city’s efforts to revitalize the central business district,” by Danbury Mayor Dean Esposito.

Summit

The former Matrix Corporate Center built originally for Union Carbide in Danbury, Conn., which in early 2019 is in the process of being redeveloped for a mix of uses by Fairfield-based Summit Development.

The former Matrix Corporate Center built originally for Union Carbide in Danbury, Conn., which in early 2019 is in the process of being redeveloped for a mix of uses by Fairfield-based Summit Development.

Contributed photo / Hearst Connecticut Media

At the former Union Carbide headquarters on Danbury’s west side, 404 apartments will be constructed as part a wider effort to breathe new life into the 1.2 million-square-foot building. Now known as the Summit, the master plan for the building also calls for more than 1 million square feet of non-residential space. Developers at one point were going to build 180 apartments to make room for a public middle and high school, but those plans were scrapped earlier in 2022. Summit Development purchased the building in 2018 for $17.8 million.

Darien

Corbin District

The Corbin District, a mixed-use redevelopment of downtown Darien. The 7.17-acre site spans from Corbin Drive to the Bank of America building on the Post Road. Work is expected to begin on the project in early 2020.

The Corbin District, a mixed-use redevelopment of downtown Darien. The 7.17-acre site spans from Corbin Drive to the Bank of America building on the Post Road. Work is expected to begin on the project in early 2020.

Baywater Properties

If completed as planned under developers David Genovese and Penny Glassmeyer, the Corbin District will transform downtown Darien. The project is notable for its scale, with 11 new buildings and a town green on seven acres requiring extensive demolition and site preparation for new construction.

The first phase on the northeast side of Corbin Drive is expected to be completed in early 2023. The buildings include first floor commercial uses and upper residential floors, a total of eight one-bedroom units and 30 two-bedroom units.

The second phase, redevelopment of the southwest side of Corbin Drive, will begin in 2023.

The entire project will include 116 units, two of which will be deed-restricted affordable units (other deed-restricted affordable units were constructed at 26 East Lane).

The expected completion date of the Corbin District is sometime in either 2024 or 2025.

Darien Commons

Construction of Federal Realty's Darien Commons project continues in Darien, Conn., on Thursday August 11, 2022.

Construction of Federal Realty’s Darien Commons project continues in Darien, Conn., on Thursday August 11, 2022.

Christian Abraham / Hearst Connecticut Media

The Darien Commons, a mixed-use reimagination in the town’s downtown, includes 63,000 square feet of retail space and has already begun leasing to retail tenants, including Walgreens and Equinox. Federal Realty is the developer of the project.

The first phase of construction involved the demolition of a Stop and Shop and an old Walgreens. A mixed-use building containing a new Walgreens and 58 residential units took its place. Of the 31 one-bedroom units and 27 two-bedroom units, eight are deed-restricted affordable units.

Renters who wanted an affordable unit had to apply to a highly anticipated housing lottery over the summer.

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