Oak Tree Village
Oak Tree Village fills a critical void of affordable housing in Griswold. Offering a mix of affordable and market rate units, this community was designed with luxury and sustainability in mind. It features traditional New England architecture and is PHIUS+ Core certified, utilizing super insulation, airtight building envelope and heat-recovery ventilation systems to reduce overall energy consumption. Built on previously vacant and unused land that had fallen into disrepair, Oak Tree’s beautiful, contemporary buildings and lush open spaces for residents to enjoy are a welcome addition to the area.
Conveniently located, residents benefit from the many public transportation options available in close proximity to the community, including a proposed Route 8 Southeast Area Transit (SEAT) bus stop at the entrance of the property. Commuters needing access to Route 395 will find Oak Tree Village’s location with an access ramp just outside of the community.
Oak Tree Village features 72 new units within two buildings spanning three floors. Planned in two phases, the entire development will consist of 144 apartments within four, three-story garden-style buildings. Phase I also included construction of a clubhouse for residents to enjoy. The community offers a mix of one- and two-bedroom, open-concept style apartments to a mixed-income market. The project was awarded the 2022 Multifamily Executive Merit Award in the Mixed-Income Category.
Total Development Costs: $25 million
Financing Partners: Bank of America, CT Department of Housing, CHFA