For more than a decade, New London Development Corporation (NLDC) has been proud to serve the city and community as a non-profit community development corporation dedicated to improving the economic health of New London, thereby improving the quality of life for its citizens and the entire region.
During the last few years, the City of New London has seen a remarkable investment in public and private development. Some of the highlights include:
Electric Boat, Division of General Dynamics Inc. Engineering Staff Complex - originally built for Pfizer Global Research and Development Headquarters - $300 million; 790,000 sq. ft. opened on 24 acre site in 2001 (2,100 employees)
Fort Trumbull Municipal Development Plan - $75 million (public investment only) – 2000 – present; opening up development opportunities in the former U.S. Naval Undersea Warfare Center site.
One Chelsea Street - $24 million Corcoran Jennison office project at Fort Trumbull – 88,000 sq.ft.; prime tenant is USCG Research and Development Center (160 employees) - opened in 2009
Downtown New London Waterfront Park - $18 million – opened in 2001
Fort Trumbull State Park - $25 million restoration of historic fort and new museum, encompassing 16 acres – completed in 2002
Shaw’s Landing Condominiums – Phase I (35 luxury condominiums) – opened in 2006
New London Harbour Towers - 40 luxury condominiums in a 9 story building - opened in 2010
State Pier - $30 million reconstruction of shipping pier, and addition of a new 50,000 sq.ft. warehouse – completed in 2004
House New London - a partnership of non-profit developers that includes the NLDC, has invested more than $3.5 million in downtown neighborhood rehab and new infill construction, creating more than 20 opportunities for affordable first-time residential homeowners.
More exciting projects are on the way, including an exciting residential townhouse condominium neighborhood for Fort Trumbull that is currently under development by River Bank Construction of Westport, CT. This project is adjacent to “shovel ready” sites that are currently available for development of hotel, office and mixed-use development.
Come to New London and be amazed at the vitality and excitement of Connecticut’s “Ocean City.” Whether seeking a culturally sophisticated smaller City, a less crowded way of life, a window into history, but especially for those that love the water and outdoor activities – New London presents an unmatched coastal location in southern New England. Here, “quality of life” is not just a slogan.
RELATED LINKS
City of New London
SECTER - Economic Development
Main Street of New London
Chamber of Commerce of Southeastern Connecticut
Mystic Country Tourism District
