Washington Trust finances mixed-use Conn. properties

WESTERLY – The Washington Trust Co.’s Commercial Real Estate Group announced last month that it provided $4.125 million to Metro 254 LLC and Metro 260 LLC to finance for the acquisition and renovation of a mixed-use retail property and parking garage in Connecticut.
The properties, are both located on Crown Street in New Haven, sitting in the Entertainment District of the city’s downtown. They are within walking distance of Yale University and Yale New Haven Hospital. Combined, the properties consist of 10,840 square feet of retail space and a 120-car parking garage. Two longtime New Haven restaurants – Bar and Aladdin Crown Pizza – currently occupy the retail space.
Metro 254 LLC and Metro 260 LLC are borrowing entities of Metro Star Capital LLC a connecticut real estate development company founded by Robert Smith.

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