HARTFORD — Hartford Mayor Pedro Segarra recently signed a contract to finalize $5 million in bond funds for 79 new apartments in the historic Colt Gateway.
Officials said the new apartments, slated for completion in October 2014, will offer unobstructed views of the City, Colt Park and the Connecticut River.
The Colt Gateway, commonly referred to as “Coltsville,” was the home of Samuel and Elizabeth and the site of the Colt Factory where the nation’s first revolver was manufactured. It is now a mixed-use complex that includes apartments, businesses and educational institutions.
“This is a defining investment for the Capital City,” Segarra said. “Coltsville is Hartford’s biggest landmark and one of the most significant in the State. Its success serves as an anchor for Hartford’s future development. Adding these 79 units will make Coltsville financially viable to investors and attractive to tenants. This is another critical step forward for our City.”
Since last year Coltsville has added two new tenants; Foley Carrier Services who relocated from Glastonbury and Café Colt opened by celebrity restaurant owner Chef Harry. CREC Schools, the largest existing tenant, also expanded their facilities this year.
Coltsville was named a National Historic Landmark in 2008, an initiative spearheaded by Congressman John B. Larson. The State’s congressional delegation is currently promoting a bill that would designate the complex as a National Historic Park. Recently, Mayor Segarra joined Congressman Larson in Washington D.C. to testify before Congress in favor of the bill.