Conroy Makes Plans for $700M MXD Project

NAUGATUCK, CT-Conroy Development Co. of Fairfield is moving ahead with plans to build a massive mixed-use project here called Renaissance Place. The $700-million venture, when completed, is expected to be the first energy-independent large scale development in the US.

The firm earlier this month signed a development agreement with the Borough of Naugatuck and the Naugatuck Economic Development Corp. for the project to be built on a 60-acre brownfield site on the Naugatuck River shoreline.

Renaissance Place will be built out over four phases and will include 500,000 sf of retail space; more than 1,500 condominiums, apartments, townhouses and lofts; two hotels and a technology center that will showcase the development and implementation of energy independent technologies, company officials say.