Public/Private partnership to develop mixed-use project adjacent to the University of Connecticut.
Storrs, Conn. — Memphis, Tenn.-based Education Realty Trust Inc. (EDR), along with the Mansfield Downtown Partnership, and Storrs Center master developer Storrs Center Alliance, an affiliate of Tuxedo, N.Y.-based Leyland Alliance LLC, have broken ground on Storrs Center, a mixed-use town center adjacent to the University of Connecticut (UConn). EDR will own and manage the approximately 290 apartments in Storrs Center, which will also include retail, restaurant and office space within a planned community of pedestrian walkways, green spaces and conservation areas. The apartment units will include a private laundry, faux-wood floors, stainless steel appliances and granite countertops. Storrs Center Alliance will own the commercial space, which will include 70,000 square feet of street-level retail space. Phases I and II of Storrs Center are expected to be complete in 2012 and 2013 respectively.
“It is one of the most exciting public/private initiatives in the state,” said Dannel Malloy, governor of Connecticut, in a statement. “This project does all the right things: it maximizes the value of the University of Connecticut, puts people to work and creates a town center to enhance the quality of life around a great university.”
Dr. Susan Herbst, president of the University of Connecticut, added, “This is an investment in our community, our university and in our young people.”