NEW LONDON — Site clearing is progressing at The Mizzen in Fort Trumbull, where a 251-unit apartment complex is planned for 2028, according to The Day’s October 16 reporting and construction photographs.
The project follows The Beam, the neighboring 203-unit apartment development that Teammates says was delivered in 2023. The partner identifies regional employment growth at General Dynamics Electric Boat as a central reason for investing in additional housing. That is the project team’s assessment of demand, not a guarantee about future occupancy or rents.
Teammates lists a July 2026 capital closing and an August 2026–September 2028 construction phase. Its financing description includes $60 million in construction debt through Liberty Bank, $14 million in equity and $20 million in C-PACE financing through Nuveen. It gives a $94 million total development estimate.
RJ Development & Advisors’ September 4 project description identifies CUBE3 as architect and Callahan Construction Managers as builder. It describes a 249,840-square-foot building with five wood-frame stories above a precast podium, along with a courtyard, fitness and community rooms, bicycle storage and a top-floor lounge.
Project estimates have varied. The developer’s September description calls The Mizzen a 250-unit market-rate community; Teammates lists 251 units and a $94 million estimate. The Day’s October 16 account reports 251 apartments and a $95 million cost, consistent with Sentry Commercial’s earlier summary attributing information to the Hartford Business Journal. These are attributed project descriptions, rather than an independently audited final cost.
For residents and workers, the practical distinction is between housing in the pipeline and homes available now. These sources describe a market-rate development; they do not establish a rent-restricted affordable-housing allocation, current asking rents or an opening date for applications. Anyone considering a future move should confirm leasing information directly through the developer’s official website rather than treating the construction timetable as a move-in commitment.
The Day places the project off Nameaug Street, north of Chelsea Street, near the Coast Guard Research and Development Center. It reports a mix of studio, one-bedroom and two-bedroom apartments and says a separate 249-unit Walbach Street project is expected to follow. These phases should not be treated as a single building or as housing already available.
Update October 17: Added The Day’s October 16 construction-progress reporting and actual site photograph. The new image shows excavators working at the Fort Trumbull site; the previous photograph was an archive neighborhood view. The original publication date and earlier channel selections are preserved.