Chris Nelson, Nelson Construction, and Greg Ugalde, former NAHB Chairman, are partnering on an exciting new rental community in Simsbury.
Luminary at Simsbury Meadows, located on Hopmeadow Street in Simsbury, will offer 175 new rental homes, including 36 units reserved for middle-income households earning between 80% and 100% of AMI through the Build For CT program. The development features five residential buildings, a clubhouse with a pool and gym, and on-site parking, all within walking distance of Simsbury Center’s shops, restaurants, and services. With strong local employment and transit access, the community will provide a convenient and vibrant living environment for residents.
“Housing is at the heart of opportunity. We’re proud to partner with DOH to advance these developments, which bring together public and private investment to create lasting affordability.
– Nandini Natarajan, CHFA’s chief executive officer and executive director
CHFA is supporting the development with $4.5 million in Build For CT financing.
In mid August, Chris Nelson gave Connecticut Builder an update on construction at Luminary:
“Our first 35 unit building is framed, they should finish the roof this week. First occupancy will likely be April of next year. Our second building is being framed, and the third building slabs are now going in. We should start putting some of the Build4CT money to work in 2-3 months after our equity is all in.”
- There will be $2 million in solar collectors on Luminary buildings (Solar rebate 30-40% tax credit off taxes American made products + 30% accelerated depreciation )
- Chris is using Mitsubishi Heat 20 (LG is coming out with similar product)
Mitsubishi wouldn’t split cost so Chris went to Eversource. In exchange for sharing hot water heat data for Luminary, (approx. 2/3rd less using heat pump vs. conventional) Eversource will split the cost.
