We are a not-for-profit community development corporation comprised of citizens, business owners and community leaders of New London, Connecticut. We exist for, and are committed to, promoting and improving the economic health and quality of life in New London while attracting opportunities for its citizens and the entire region. We accomplish our goals through the united leadership of this diverse community, the support of state and national leaders and rigorous public involvement.
The City of New London, as the civic and cultural center of the southeastern Connecticut region, has seen a remarkable investment in business, infrastructure and public space during the last decade. These developments include the 790,000 square foot Electric Boat (Division of General Dynamics) Engineering Facility in New London; Fort Trumbull State Park and Museum; the Downtown Waterfront Park; a new terminal for the Fishers Island Ferry; new downtown residential development including high-end condominiums and rental; the reconstruction and expansion of the State Pier cargo terminal, and numerous smaller projects that, in the aggregate, represent a significant and substantial investment in the City. Recently completed in the Fort Trumbull District is One Chelsea Street, an 88,000 square foot office/research facility that houses the U.S. Coast Guard Research and Development Center. These projects have resulted in an investment of approximately $500 million in New London in the past decade.
Renaissance City Development Corporation has been pleased to work with New London to attract many of the recent projects to New London. The RCDA is the City’s agent for the public investment in site preparation and new streets and infrastructure in the Fort Trumbull District, which has been nearly completed.
RCDA is now seeking qualified developer(s) for projects that will complement and support the ongoing redevelopment and revitalization of the Fort Trumbull district of New London, as well as the nearby downtown. These projects include a quality waterfront hotel, recreational amenities, office/research cluster sites, and a mixed used development adjacent to Fort Trumbull State Park.
RCDA and the City will together evaluate developer interest that will focus heavily on the depth of the respondent’s track record on relevant projects and its ability to:
- Work cooperatively with the RCDA, its staff and Design Review Process;
- Perform on time, on budget and on goal;
- Adhere to the plan of development, in terms of program, design criteria, and other factors;
- Invest equity in each project developed;
- Provide substantial guarantees and penalties for non-performance; and
- Market and lease similar projects in both type and scale.