NORWALK, Conn. -- State Sen. Bob Duff, D-Norwalk, and Gov. Daniel P. Malloy recently announced that state, federal and private funding has now been secured for two major redevelopment initiatives in Norwalk.
The first project, Wall Street Place, will consist of a new midrise, mixed-use building with 36 apartments and 60,000 square feet of commercial and retail space on the first floor.
The second project will be the first phase of redevelopment at Washington Village, which will replace the oldest public housing in the state with a new 273-unit, mixed-income community.
“These two projects have been many years in the making, and I am very happy to announce that they are moving forward today," Duff said in a statement. "The construction of Wall Street Place will create opportunities for many new businesses downtown and bring in new residents to patronize them. This project, along with other efforts like renovation of the Globe Theater, will breathe new life into downtown unlike anything we have seen in a generation."
The Norwalk projects were announced along with 14 other affordable housing projects across the state that will build and rehabilitate a total of 694 affordable rental apartments. It is estimated that the projects will support 1,319 jobs and generate $186.9 million in economic activity and $14.4 million in net state revenue.