Bristol Roundup

Renaissance Looks To Reach Residential Goal

1475996_10201361942074978_523138194_n1BRISTOL – Renaissance Downtowns is asking the public to fill out their online Letter of Interest form. LOI’s are non-binding letters of interest for residential market rate housing at phase one.

Mark Walerysiak Jr., Community Liaison for Renaissance Downtowns said “We’re working on an awesome project that will transform the dead space that was the Centre Mall into a vibrant walkable community. In order to move the project along swiftly we are attempting to build a client list (downtown 2.0 community) that shows financiers that there is indeed interest in downtown living. The more interest, the quicker things can be accomplished.”

Renaissance has until May 26 to secure financing for the 4.7-acre phase one. City officials have said they will need time before the deadline to the ball rolling on the cities side.

Walerysiak said the company is confident that it could meet the deadline.

Renaissance has proposed developing two buildings at the site, both buildings would contain residential and commercial tenants.

Renaissance originally set out to collect 150 letters of interest, which they accomplished. Renaissance is now looking to reach 240 letters, which is the number of residential units in phase one.

Phase one is estimated to cost $40 million and take up to 24 months to complete.

D’Amato Realty, also proposed mixed use development for the site in 2009 when the city purchased the former mall site. The project would have included national retailers and a potential new city hall, according to D’Amato’s proposal.

Renaisssance is offering multiple ways to sign the letter of interest.

Online: online Letter of Interest

Print and mail or in person: print out a Letter of Interest  Renaissance Downtowns, 2nd Floor, 111 N. Main Street Bristol, CT 06010

(Mike Uchalid contributed to this article)

 

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