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Stock impact report

Washington Trust Provides $13 Million for First Phase Construction of Multifamily Apartment Development in Vernon, CT

Washington Trust Bancorp, Inc. (WASH) 
Last washington trust bancorp, inc. earnings: 4/27 08:00 am Check Earnings Report
Company Research Source: GlobeNewswire
VERNON, Conn., Oct. 24, 2018 (GLOBE NEWSWIRE) -- Washington Trust’s Commercial Real Estate Group recently provided $13 million to Talcottville Vernon Development, LLC, for the first phase of construction on the multifamily Trail Run Apartments development in Vernon, Connecticut. In its first phase, the Trail Run Apartments project will include the construction of 96 apartment units, a clubhouse, pool and site work for the entire project. In total, the three phase project will include 300 multi-family units across a 30-acre parcel. Located at 243 Talcottville Road in Vernon, the property is 12 miles from Hartford and close to the main campus of the University of Connecticut in Storrs. Among the apartments included in the first phase of construction will be six studio apartments, 48 one-bedroom apartments, and 42 two-bedroom apartments. In all, the initial phase will include more than 89,000 square feet of apartment space spread across a campus style layout. In order to attract a di Show less Read more
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