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Dale Kroop, Director
Economic Development and Neighborhood Revitalization
2750 Dixwell Ave.
Hamden, CT, 06518
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State Street Redevelopment Continues at Former Stereo Station site.

1/18/2019

State Street Redevelopment Continues at Former Stereo Station site.

 

One of the great real estate turnaround stories in Hamden of 2018/2019 is the remediation and rehabilitation of 2259 State Street. Vacant for over 10 years, the Hamden Economic Development Corporation was tasked with the strategy and execution of a turnaround plan. The owners had passed away and the property became abandoned and blighted.

Dale Kroop is the Executive Director of the Hamden Economic Development Corporation and has been managing the project, “We are seeing progress towards a rehabilitated Quanset Hut and a tax producing property again. We have procured a developer/business who will repurpose it as a car dealership called Value Auto. Projects like this are exactly what the corporation was intended for.”

HEDC acquired the tax lien from the town in 2017 and then completed a Request for Developers in 2018. After the selection of the developer most of 2018 was spent negotiating the development agreement, this process was completed in the fall of 2018 and the project began in October. Demolition and remediation will continue in 2019. 

This property is located at 2259 State St, north of the DMV. It is known as the Stereo Station site and is called a Transfer Act site, requiring the highest level of environmental cleanup and regulation. HEDC was the catalyst to make this happen and to attract private investment. Here are some pre-development and progress pictures. This project should be completed later in 2019. Included is an artist sketch of what it will look like at completion. The Town and HEDC have worked together for nearly 15 years on projects similar to this. This partnership helps to revitalize neighborhoods in key neighborhoods in Hamden.

“The redevelopment of this unique structure is a great sign of investment in Hamden’s main east side corridor. State Street has great businesses and residential locations, most of which are well maintained, but certain blighted parcels were harming the property value of others. This is the revitalization we strive for when working to redevelop a parcel and something we can be proud to have been part of.”, stated Mayor Curt Balzano Leng 

For further information about the Hamden Economic Development Corporation go to the web page at http://www.hamdeneconomicdevelopment.org/  or its facebook page at https://www.facebook.com/HEDC2011 or contact Dale kroop at dkroop@hamden.com .

 

 

 

 

 

 

 


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