Connecticut real estate is set to see incredible growth thanks to local government initiatives and a redevelopment project anchoring New Haven as a revitalized business and social hub.
A massive new redevelopment project is underway in New Haven, with the first new $100 million office building to soon break ground. The 10.5 acre ‘Downtown Crossing’ redevelopment mission that includes parks, retail shopping, offices, restaurants and housing is anticipated to create an inbound stampede of workers and new residents that will spark a new Connecticut real estate boom.
A large influx of young professionals and families will provide jet fuel to the local economy and is expected to create a ripple effect that will bring a dramatic rise to surrounding Connecticut real estate.
This new redevelopment initiative and other incentives being offered are already drawing new business headquarters, business expansion plans and new hiring. This includes Alexion Pharmaceuticals that is adding 300 new jobs in New Haven as well as CIGNA, CareCentrix and Deloitte, which have stated their plans to expand operations in CT.
This will all put CT on the map as a top destination for buying a home and real estate investing from 2013 forward.
Expect to see great residential and commercial real estate investment opportunities emerging, with landlords holding CT homes set to see a windfall of equity growth and the ability to rapidly increase rent prices in the months and years ahead.
Maybe it’s time you took another look at New Haven and the opportunities for expanding your real estate investment portfolio or just buying property that will act as a great wealth building vehicle for the future.