HGI to Build Connecticut Property

A rendering of Springside Middletown. Image courtesy of Harbor Group International

Harbor Group International is providing the majority of funding for a 240-unit multifamily project in Middletown, Conn. The firm is developing Springside Middletown alongside joint venture partner PB Development. The companies have begun site work on the project, with completion expected in 2025.

HGI plans to contribute 80 percent of the required common equity for the Springside Middletown project and will assume ownership and management of the community once it’s complete. The joint venture tapped L2i Construction as the project’s general contractor, while Brennan Architects will provide architectural services and Mulhern & Kulp and Motley Associates were tasked with the project’s engineering needs.

Springside Middletown will offer one-, two- and three-bedroom units averaging 1,020 square feet. The residences will be in either townhome layouts or part of a four-story building and will include washer and dryer units. Springside Middletown’s amenities will be split between two buildings with a 11,000-square-foot total of amenity space. This will include a coffee bar, package management system, pool, an outdoor bar, a bocce court, dog park, playground, pickleball courts, grill stations, yoga studios and coworking spaces.

Located two miles from downtown Middletown, the community will be near area highways, including Interstates 84, 91 and 95. Future residents at Springside Middletown will have an easy commute to major area employers and universities, including like Prudential, Pratt & Whitney, ESPN and Wesleyan University.

Expanding in Central Connecticut

Springside Middletown project is part of HGI’s focus on ground-up multifamily development. The firm recently sold off a 300-unit community in Hampton, Va., and a 252-unit community in Myrtle Beach, S.C., both of which were developed with local companies. Overall, the firm has developed an investment portfolio that includes 58,000 units in the U.S.

Springside Middletown is HGI’s second investment in the state in the last four months. The firm, along with joint venture partner Cammeby’s International Group, had previously acquired The Pavilions in the nearby suburb of Manchester, Conn. in December 2022. More recently, HGI acquired the recently-completed Mezzo, a 378-unit garden-style community in Aubrey, Texas.