Developer Revives Nursing Home as Affordable Apartment Complex

0:00A developer in Farmington has snapped up a close nursing home and plans to turn it into a 62 unit apartment complex with mixed incomes. Metro Realty Group paid $1.5 million late last February for the 5.48 acre site off Route 6. The deal closed through one of their companies and local officials already greenlit the project. Earlier this month, the Planning Commission approved tearing down the old building from 1980 and building five new ones in a colonial style. That includes four two story walk-ups and one three story with an elevator. The set of features 26 one bedroom units, 34 two bedrooms and two three bedrooms with 80% affordable and the rest at market, rates. The nursing home shut down last August after serving 105 residents and employing about 100 staff. Now, 14 of the new apartments will offer supportive housing for people with intellectual or developmental disabilities, aiming to meet community. Needs, financing will partly come from low income housing tax credits and construction should start late this year, wrapping up in 14 to 18 months.

1:07The property sat on the market for 18 to 24 months due to upkeep issues and materials like asbestos, but this buyer brings solid experience. Metro Realty has a strong track record in the area and locals see this as a smart reuse that will boost housing options for years to come. That wraps Hartford News today, brought to you with AI.