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Waiting List for Milford's Newest Mixed-Use Complex

Expect a breath of fresh air from the latest revamped rental space at the heart of downtown Milford.

The 26,000 square foot development at Factory Lane and New Haven Avenue is promising to be one of the most prominent complexes in Milford.

With a queue already in place for the 31 one-bedroom apartments on the second and third floors and 75% of the 17,000 square feet of office space already leased, the renovated building, appropriately named Harbor Point, is certainly developing a reputation as one of the most vied after spaces in the city.

The property at 1 New Haven Ave., acquired by Robert Smith, Jr. of MetroStar Real Estate Development, LLC. for $2.2 million in Dec. 2010, has made a huge comeback after two foreclosures in the 1980s and mid-2000s that resulted in construction dragging on for nearly a decade.

The building has undergone complete renovation with multiple additions including two lower parking decks with a capacity of 102 vehicles, a roof top terrace, state of the art fitness center and updated architecture with a modern edge.

The stylish one-bedroom and studio apartments will look out onto downtown Milford and offer ideal views of the harbor. According to Smith, the apartments have been systematically designed to cater to the younger generation.

"As they watch the housing crisis continue, younger people don't feel the urgency like their parents did to buy a home," said Smith. "Young professionals looking to maintain job mobility seek the flexibility that apartment living provides. They find the social dynamic desirable when surrounded by restaurants, neighborhood businesses and the parks and recreation offered in a downtown area."

Smith continues, "The adaptive reuse of urban buildings by converting upper floors from tired, outdated office space into vibrant, mix-use buildings attract residents who support and energize the expansion of neighborhood-serving establishments."

Smith adds that more often than not, cities and towns are recognizing the benefits of downtown apartments, which provide property tax enhancements and economic support to businesses.

Milford Economic Development Director Robert Gregory commented on the project:

"I have every reason to believe it will be successful. One of our goals for a long time has been getting more people to live downtown. We encourage more of that kind of thing - taking old properties and renovating them. And it (Harbor Point) sort of goes back to the old days of downtowns where you see the first floor as retail and the second floor as an apartment, usually where the owner would live with his family.

"Many people occupying those apartments are usually younger professional people, their incomes are usually higher and they're either single or married without kids. They enjoy the nightlife here and everything it has to offer, they’ll eat at restaurants and support those business, they can walk to the railroad station; it's nothing but a positive as far as I'm concerned. Smith Craft" said Gregory.

Harbor Point is within walking distance of the Metro North Station, a convenient location for commuters headed to New Haven, Norwalk, Stamford and New York.
While the site is still under construction, two offices have already secured space on the first floor - Sentinel Fund and Harlow Adams and Friedman, P.C. According to MetroStar General Manager Donna Craudley, the apartments will be available for viewing in roughly 60 days.

For more information, visit the project's official website.

Pam Landry January 13, 2012 at 11:37 AM
Any idea what the rent will be on the apartment units?
Emily Constance January 13, 2012 at 01:22 PM
I did ask that and there is still no set price; however, I will be following up with that question when construction is completed.
CT. PROPERTY APPRAISERS January 14, 2012 at 04:30 PM
They have done a great job, unfortunately the expansion has eliminated the parking that was set aside for downtown. This was a criteria for the original construction or has it been moved? .
Adam Gerstein January 29, 2012 at 01:31 PM
As far as I can tell, the parking that was set aside for downtown is still there - I use the parking lot routinely when I pick my daughters up or drop them off for dance class across the street - I just wish other people would do that (and not practically block the street). I can only hope that they continue to have municipal parking in this structure, as well as maintain it - especially the lighting. There have been times in the past when I didn't feel that safe in there, and I'm a pretty big guy....
diz February 08, 2012 at 06:21 PM
adam could you elaborate on that? I am thinking of moving to milford and want to make sure it is a safe place.
Adam Gerstein February 10, 2012 at 07:36 PM
@diz: The building has two levels of parking - one that's via keycard access - probably for residents - and one that's half residents/half municipal parking. Before they closed off half the parking for construction, they moved the municipal parking to the then covered section. My issue is that there were more than one occasion that the lights in the underground section weren't working - and it was more than a few lights out. I've never heard of anything happening in there, and I think that they've done a better job recently. I think, if anything, that most of the lights were out while they were figuring out what to do with the building.
jungis4545 December 30, 2012 at 09:11 PM
To the author: When you wrote 'vied after', did you mean 'sought after'?

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