There is no property location added.
There is no property location added.
There is no property location added.
There is no property location added.
Richard P. Ballou of Houlihan Lawrence Wareck D’Ostilio is proud to present the Fitch & Whalley development site located at 781 Whalley Avenue in New Haven, Connecticut.
Fitch & Whalley is a 3.32-acre development which is fully approved for 245 units across an expansive 357,312 sqft construction directly next to the picturesque West River. The plan is approved for a mix of studio, 1, 2, and 3-bedroom apartments as well as 3-bedroom townhouses. There is an additional allotment of 2,300 sqft on the ground level for retail space, 25,000 sqft of indoor and outdoor amenities including a pool, gym, tenant lounge, pet spa, and even a cinema, as well as 219 parking spaces and 74 bicycle spaces. 5% of the units will be affordable housing (“IZ Affordable Units”), in accordance with Section 50-Inclusionary Zoning, and will be set aside to those earning no more than 50% AMI (area median income).
What stands out at Fitch & Whalley is the stunning outdoor amenities creating a vibrant, all-season community space to play, dine, and network. The pool will be complemented by fire pits, outdoor grills, a community rooftop deck, +/-20 units with private rooftop terraces, as well as a gorgeous Riverwalk Trail along the West River and Wintergreen Brook. Located in the heart of Westville, a historic neighborhood community of New Haven, CT, Fitch & Whalley offers a convenient alternative to downtown. Westville is well-known for its shops, art, restaurants, and community. Westville is also home to Edgewood Park, one of the largest and most scenic parks in New Haven with trails, duck ponds, basketball, soccer, and so much more. The area is also home to Yale’s athletic facilities including the Yale Bowl, Yale Field, and the world-renowned Yale Golf Course. Fitch & Whalley is moments from Southern Connecticut State University, Yale University, and Hopkins School - one of the oldest and most prestigious private schools in the nation. Finally, Fitch & Whalley is conveniently located near the Yale New Haven Health System which is Connecticut’s largest employer, downtown New Haven, Route 15, Interstate 91, Interstate 95, and Route 1 for easy commuting. New Haven is the 3rd largest town by population coming in at around 135,000 residents. There are nearly 30,000 students in the area from Southern Connecticut State University, Albertus Magnus, and Yale University, and 12,000 employees at Yale New Haven Hospital. New Haven is known as the hub of work and school activity in Connecticut, and has created a strong and growing demand for apartment housing.
With an existing inventory of over 17,700 apartment units, occupancy rates hovering around 97% or over, and new construction projects commanding rents of $3.50-$4.00 per sqft, New Haven continues to show a need for new inventory to satisfy the growing population flooding the market to work and learn.
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