DOWNTOWN CROSSING: GENERAL ASSEMBLY VOTE FACILITATES THE DEVELOPMENT ACROSS THE EXISTING ROUTE 34 EAST CONNECTOR
(6/4/2009) 1st Step Achieved in Preparing for the Future of an Expanded Downtown
NEW HAVEN- Wednesday’s General Assembly vote on Special Act 07-11 sets into motion the first phase of development of the Downtown Crossing project to abandon the Route 34 East highway.
The Special Act contained the conveyance of the "Parcel D,” area bounded by North Frontage Road, College Street, South Frontage Road and the Air Rights Garage to the City of New Haven for economic development purposes. Winstanley Enterprises expressed interest in the parcel more than two years ago as New Haven grew to become the biotech capital of Connecticut. Winstanley owns and manages over 1 million square feet of office space in New Haven and this project affords the company the opportunity to build off of that success and the strategic location of their 300 George Street project (500,000 SF of biotech and office space) across the street.
Mayor John DeStefano, Jr. has been championing the abandonment of the highway to grow the Downtown into the Medical District and make the connection with Union Station. "Wednesday's vote sets in motion a critical project for job creation and growth for the City and the State. While a first step, the General Assembly's action demonstrates their commitment to the long term vision of seeing a reconnected street grid and the opportunity for the continued growth and investment New Haven has seen over the last ten years."
The Downtown Crossing project will abandon the Route 34 East highway and create an urban boulevard in its place, enabling New Haven to “create” ten new acres of developable land in a fully built out city. This will allow for the creation of 3,216 construction jobs and 1,195 permanent jobs, jobs for all skill and education levels.
Winstanley Enterprises proposes to build 250,000-300,000 square feet of new office and lab space on the area between the Air Rights Garage to College Street in the Route 34 East right-of-way. This new building will be a sister building to Winstanley’s 300 George Street project, taking advantage of its close proximity to the Yale University Medical School and the new $500 million Smilow Cancer Research Hospital.
“New Haven is exactly the kind of community that Winstanley likes to invest in,” said Carter Winstanley, Principal Winstanley Enterprise. “Not only is it home to a world renowned Medical School and Hospital but is a charming city with first class restaurants and cultural institutions.”
This project will create 1,200 construction jobs and 620 permanent jobs, the project's annual economic input will infuse $73.6 million in salaries and spending into the local economy and $4.42 million in sales tax, $1.55 million in income tax and $3.9 million in property tax to the state and local governments.
“New Haven is positioned to become Connecticut’s job creation capital with more than $1 billion worth of construction underway or recently completed and $237 million in new projects scheduled to begin later this year, all in the middle of one of the worst economic climates this nation has experienced,” said Kelly Murphy, Economic Development Administrator for the City.
The City and Winstanley Enterprises will be working closely with the Connecticut Department of Transportation to design the traffic solutions that will be necessary to facilitate this development as the first phase of the Downtown Crossing Project.
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