Cedar Pointe
Newington, CT
Cedar Pointe – representing Dakota’s 9th project in CT – will transform approximately 11 acres of a vacant brownfield site into 108 newly constructed apartments. These transit-oriented residences are located near a newly constructed CTfastrack station and help fulfill the Town’s desire to create more affordable housing in the surrounding area since Newington is currently beneath the State’s 10% threshold. Cedar Pointe will fill a critical void for residents who might otherwise be priced out of the area.
Cedar Pointe consists of 108 units of multifamily housing, which will be constructed in two separate phases. In Phase 1, Dakota will construct 72 units within two, three-story garden style buildings and a community building. The units will consist of one and two-bedroom apartments built to Passive House standards. Residents will enjoy several benefits from Passive House-living, including savings in monthly utility bills from reduced energy use, high indoor air quality due to excellent ventilation, and a sound-proof home due to air tightness and superior insulation. Phase 2 of construction is expected to begin by early 2023 under separate financing and will provide an additional 36-unit residential building.
The property is listed on the Connecticut Brownfield; all environmental contaminants will be mitigated before the apartments are built. All original buildings have been demolished and the site is currently vacant and ready for development.
Demarco Management Corporation will be the property manager for this property. Please call 860-951-3420, ext 331 or visit the community website, www.demarcomc.com/cedarpointe for more information, including construction updates.
Completion: 2023; 2024; 2025
Total Development Costs: $29.4 Million
Financing Partners: Bank of America, CT Department of Housing, CHFA
Financing: LIHTC
Website: www.demarcomc.com