Construction of a 224-unit apartment complex is under way in Manchester by the same landlord who developed the nearby Evergreen Walk open air-retail complex, authorities say.
First Niagara Bank announced Thursday it agreed to fund a $27.6 million construction loan to Manchester-based Evergreen Crossing LLC to erect The Broadleaf at 325 New State Road.
Evergreen Crossing LLC’s principal is John Finguerra, developer of both Evergreen Walk and, decades earlier, The Shoppes at Buckland Hills mall and much of the surrounding commercial-residential sites around it.
The complex will consist of six buildings, with 57 one-bedroom and 167 two-bedroom apartments. Residents will have access to 72 carport spaces and 432 open-air parking slots.
No completion date was disclosed.
Finguerra could not be immediately reached Thursday for comment.