Washington Trust approves Main Street line of credit

WESTERLY – The Washington Trust Co.’s Commercial Real Estate Group recently approved a $6 million line of credit to Main Street Homes-Storrs LLC for construction of 42 condominium apartments in Storrs, Conn.
The four-acre property is within walking distance to the University of Connecticut. The condos to be built include 32 residential townhouses in eight buildings, as well as 10 single-level flats in a three-story building.
Main Street Homes-Storrs LLC is owned by LeylandAlliance LLC, a real estate development company focused on mixed-use, sustainable neighborhoods, according to a news release.

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