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446A Blake St - Blake Street Development
1.88 Acres of Commercial Land in New Haven, CT 06515
Investment Highlights
- Diverse and Strong Local Economy
- Strong Market Fundamentals
- Westville: Growing and Exciting Submarket
Executive Summary
The completed project will encompass a total of 144 units in three proposed phases. Phase 1 is a ground-up, new construction 55-unit building. Phase 2 is an adaptive reuse of an existing historic office building with 36 units. Phase 3 will be a ground-up, new construction building with 53 units. The approved plan includes 36,004 square feet of open space.
The site is located on Blake Street in the Westville neighborhood of New Haven. The site is easy walking distance to the Village of Westville, the major dining and artery of the neighborhood. The site is less than 1 mile from the Southern Connecticut State University Campus, and is 1.5 Miles from Route 15.
New Haven is an extremely tight rental market with vacancy around 3%. It benefits from the continued investment of Yale and Yale New Haven Hospital and a burgeoning life science sector. Recent new developments are being absorbed into the market quickly.
Westville offers a more affordable rent than downtown properties while offering an excellent quality of life for residents.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 1.88 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.88 AC |
1 Lot Available
Lot
| Lot Size | 1.88 AC |
| Lot Size | 1.88 AC |
1.88 acres for development.
Description
Westville combines suburban bliss with collegiate flair less than four miles northwest of Downtown New Haven’s downtown area. The Hopkins School, one of the country’s oldest and most prestigious private college-prep schools, calls Westville home, as well as many of Yale University’s athletic facilities. The Yale Golf Course, the Yale Bowl, Reese Stadium, and the university’s upper athletic fields. Westville is also convenient to the University of New Haven and Southern Connecticut State University. Catering to renters from all walks of life, Westville has affordable and upscale apartments and houses available for rent. Residents in this walkable locale enjoy easy access to a variety of restaurants, coffee shops, vintage clothing stores, and more along Whalley Avenue. Westville is also known for its active arts scene and is filled with several theaters, galleries, and studios. The Westville Village ArtWalk is one of the neighborhood’s biggest events, Beecher Park hosts summer concerts, and several vibrant murals across Westville bring color to this leafy locale.
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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Edward Jordan -
Power Broker Bradley Balletto -
Jeff Wright -
Northeast Private Client Group
Presented by
446A Blake St - Blake Street Development
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