(NEW HAVEN, CT) – Hines, the international real estate firm, announced today that construction is underway on The Whit Wooster Square, a new apartment community in New Haven, CT. The Whit Wooster Square will bring 230 rental apartments and approximately 5,600 square feet of street-level retail across two buildings located at 630 Chapel Street in the Wooster Square neighborhood. The community represents Hines’ first multifamily development in Connecticut, adding to its 18,000-unit portfolio.
“By entering the Connecticut market with a remarkable project in a highly visible neighborhood, we are amplifying Hines’ renewed commitment to the Northeast region while highlighting our vast experience in the multifamily sector,” said Tommy Craig, Hines senior managing director. “The Whit Wooster Square is particularly notable in that it will enhance our already strong multifamily portfolio and demonstrate the transformational power of quality rental housing.”
The Whit Wooster Square will replace a surface parking lot and a vacant office building with a thoughtful design that features a brick façade and steel accents. And, the design draws from the historic architecture of the surrounding warehouse and mill buildings to create a visually striking and seamless connection between downtown New Haven and the Wooster Square neighborhood.
“We expect The Whit Wooster Square to bring a new rental experience to this already vibrant enclave of New Haven,” said Grant Jaber, managing director at Hines. “The combination of upscale amenity spaces with thoughtful residence layouts and high-end finishes throughout will set a new benchmark for rental living in the area.”
Situated less than one mile from the Yale University campus and Yale New Haven Hospital, the mixed-use project will feature five stories of living, amenity, and retail space. The central location between New Haven State Street Station and New Haven Union Station will also help reinforce the city and state’s vision to promote train transit, walkability, and bicycle-friendly neighborhoods.
“The innovation-based economy of New Haven brings a global and forward-thinking demographic to the city and there is a distinct need for well-appointed rental housing,” said Jaber. “The Whit Wooster Square will play an essential role in reinvigorating the first few blocks east of downtown as one of the first large-scale rental developments in the Wooster Square neighborhood.”
A mix of studio, one-, two- and three-bedroom residences span the two buildings while several two-story loft-style apartment homes will provide a distinctively different living experience for residents. Residences will feature 9-foot ceilings, plank flooring and in-unit full-size washer/dryer and select units also include a walk-in closet and private balcony. The kitchens will boast stainless steel appliances, quartz countertops, modern tile backsplashes, and European-style cabinets.
The Whit Wooster Square will feature community amenities including communal work spaces with private offices; a club room with “chill lounge;” and, a social dining room and with catering kitchen. The social space will connect to a roof terrace featuring grilling stations, bar and lounge seating, a fire pit and views of the tree-lined Olive Street and Wooster Square Park.
An outdoor courtyard at The Whit Wooster Square will feature a resort-style pool; lounge area with fire pit; grilling stations with dining areas; and, a connection to the interior club room. An expansive fitness center with a yoga room, coffee bar, bike room, and dog wash round out the amenities at The Whit Wooster Square.
Bank of America provided the construction loan on the project.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 225 cities in 25 countries. Hines has approximately $144.1 billion of assets under management, including $75.5 billion for which Hines serves as investment manager, including non-real estate assets, and $68.6 billion for which Hines provides third-party property-level services. The firm has 165 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,426 properties, totaling over 472 million square feet. The firm’s current property and asset management portfolio includes 576 properties, representing over 246 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.