44 At Wooster, New Haven, CT
*SOLD IN 2018*
Investment is sponsored by a David Adam Realty affiliate, in partnership with Petra Development, LLC.
Forty Four at Wooster is a fully-entitled, to-be-constructed, 299-unit, residential mixed-use development located at 44 Olive Street (87 Union Street) in New Haven, Connecticut. The land development offers a transit-oriented location providing easy access to Yale University, Yale-New Haven Hospital and research system, New Haven’s central business district, and the city’s vibrant cultural attractions. Additionally, Forty Four at Wooster will capitalize on New Haven’s emerging biotechnology economy which attracts an educated and diverse workforce as well as a deep and discerning renter pool.
Strong underlying economy underwritten by Yale University, Yale-New Haven Hospital and research system, and the growing biotechnology ecosystem
Transit-oriented location in walking distance to State Street Station and Union Station, providing access to Metro North, Amtrak Acela, and Shoreline East trains.
Exceptional apartment fundamentals, highlighted by a nation-low 2.2% vacancy rate and solid rent growth
Fully-entitled project complete with the requisite city approvals, zoning changes, and eligibility for a by-right tax abatement program