Meriden 2020, Bringing It Together

161-177 State Street Development Plans Move to Financing Stage

November 2, 2015--Meriden CT.  On Monday, the Meriden City Council adopted two resolutions that pave the way for private development of 161 and 177 State Street in downtown Meriden.    The first resolution allows the City to transfer 177 State Street and 62 Cedar Street to the Meriden Housing Authority for the purposes of a mixed use development project led by Pennrose Properties LLC.  The second resolution allows for a property tax abatement on the project.  The $24 million project as proposed will include 75 rental housing units and 6500 square feet of retail space.  Adoption of the resolutions by City Council will allow Pennrose Properties LLC to advance the project to the financing stage.