New Haven - Multifamily Development Opportunity

240 Winthrop Avenue in New Haven. Acreage: 4.99 Acres or 212,364 Sq. Ft. Includes a 2nd parcel at 790 George Frontage: 406 Ft +/- frontage on Winthrop Ave. 41.0 Ft +/- on George Zone: RM1 [Winthrop] & RM2 [George] with PDD Overlay PDD 128 Units - 4 Buildings [Prior Approval 2019] Utilities: Public Water, Public Sewer, Storm Water - Natural Gas - High Speed Internet. Topography - Level Flood Zone: Zone X flood Zone Incentives for the Development of IZ Affordable Units. (1) FAR Bonus. The Inclusionary Development is entitled to a bonus in FAR of up to 25 percent over the permitted FAR in the underlying zone in which the property is located but may be otherwise limited by height restrictions and other bulk area requirements of the underlying zone. (2) Waived Parking Minimums. The Inclusionary Development does not have a minimum amount of automobile parking required for Residential uses but may elect to include parking as part of the development. Sections 29 and 45 of the Zoning Ordinance, as they relate to motor vehicle parking for Residential uses, are waived. (3) Density Bonus. Irrespective of density limitations in the underlying zone, the Inclusionary Development is entitled to a density of 600 square feet for the average gross floor area per dwelling unit. This reduction is applicable to all structures, regardless of age and lot size, whether conforming or nonconforming, so long as they are permissible under applicable building codes. (4) Negotiated Fixed Assessment through Board of Alders 240 Winthrop Avenue offers a rare opportunity to deliver phased, well-designed, mixed-income housing on a meaningful infill site while directly advancing New Haven’s affordability and housing production goals.