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n e w h a v e n b i z . c o m | N o v e m b e r 2 0 2 1 | n e w h a v e n B I Z 13 James M. Hagerty Executive Vice President, Chief Lending Officer Julia Anne Slom Senior Vice President, Team Leader, Commercial Real Estate Anthony Botelho Senior Vice President, Team Leader Kevin Hanrahan Vice President, Commercial Real Estate Albert R. Clemente Vice President, Commercial Real Estate Thomas D. Pizzo Vice President and Market Leader, Commercial Banking Edward O. Handy III Chairman and Chief Executive Officer Visit washtrust.com or call 800-475-2265 Building businesses. Building relationships. Connecticut is full of opportunity and we are here to help. Our local teams have built relationships with Connecticut businesses for over 200 years. he added. "You have a known entity, Fusco," Ranelli said. "You have a built-in cheerleader for Long Wharf to succeed. It's worth noting the success of the Maritime Center and its outstanding durability." DEEP has agreed to work with the developers to improve the proposal, Ranelli said. City officials took the DEEP report in stride and said they were satisfied with Fusco's plans in case of weather emer- gencies. Even in a relatively pro-devel- oper period of New Haven's history, the official support expressed for the proposed Fusco Long Wharf project has been notable. "Our entire team is very supportive of this project," said Economic Devel- opment Administrator Mike Piscitelli. "We have over 5,000 jobs at Long Wharf and we are signaling here that there's a real opportunity to thrive, even with some of the uncertainty around climate change." Catalyst for growth New Haven's Long Wharf was named for the boat-mooring area extending into New Haven Harbor built by pioneering Black engineer William Lanson between 1810 and 1812. e actual wharf was demolished aer World War II to make way for the junction of Interstates 91 and 95, when much of that section of the harbor was filled in to support the highways. Until very recently, much of the Long Wharf district has been dominated by industrial uses and the Sports Hav- en complex with its vast, crumbling parking lot. Fusco's residential project could play a key role in opening up the area to other redevelopment that would establish stronger links to the rest of the city, the developers and officials said. Economic growth is on tap for Long Wharf, Piscitelli said, with recent development in the area including the new Canal Dock Boathouse and the boutique hotel now under construction inside the landmark Pirelli building. In-depth contingency plans to deal with storm and tidal impacts in recent years have set the city up to continue to grow its waterfront in the face of climate change, Piscitelli said, and Fusco's highly engineered project illustrates that process. "ere is great economic value in this district, major infrastructure assets for our entire region," Piscitelli said. "By implementing the plan we're demon- strating that this district can thrive and over time build a level of confi- dence with the other property owners that there's an investment value here, because there's a strategy here to be resilient." n New Haven Economic Development Administrator Mike Piscitelli supports the project. Aerial view of the waterfront site of the proposed residential towers, along with land eyed for future development. MAP/CONTRIBUTED NEW HAVEN BIZ FILE PHOTO

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