College & Crown is the premier luxury multi-family rental apartment development in downtown New Haven, CT. It is ideally located at the nexus of the City’s primary business district, the world-renowned Yale University, Yale-New Haven Hospital, and New Haven’s major retail corridor. The development boasts state-of-the-art amenity offerings, including a fitness center, two roof-top courtyards, an attended front desk with concierge services, clubhouse, 140 secured and climate-controlled parking spaces, and a hotel-quality lobby. These amenities contribute to its status among the best and most desirable luxury apartment communities in New Haven. The building includes 160 studio, one-bedroom, two-bedroom, and loft-style apartment units all of which are furnished with top-of-the-line finishes, including: nine-foot ceilings, granite countertops, stainless steel appliances, custom cabinetry, hardwood floors in the living areas, and upgraded bathrooms.
College & Crown also includes approximately 20,000 square feet of retail space on the ground floor. College & Crown’s retail tenants have been carefully curated to create dynamic and vibrant street-level experiences that will both serve as amenities for the building residents while generating significant foot traffic at street-level, energizing the corridor. College & Crown’s retail tenants include: BonChon Chicken, Jack’s Steakhouse, JPress Men’s Apparel, and Webster Bank.
Construction on College & Crown started in 2014 and was completed in the Fall of 2015. The asset stabilized in 2017 at 95%+ residential occupancy and commanded top-of-the-market rents on an absolute and per square foot basis. The project sold in 4Q 2017, pursuant to the project’s business plan, and set a City of New Haven record for the highest per-unit sales price ever achieved by any residential multi-family building sale.