Eastern Bank Provides $16.9 Million Financing for High Tide Capital’s New London Redevelopment

Bitget2026/10/29 17:00

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Eastern Bank is providing $16.9 million in construction-related financing for High Tide Capital’s redevelopment of The Day Building in New London, Connecticut.
The former newspaper headquarters will become 68 market-rate apartments with approximately 2,100 square feet of ground-floor retail space.
The financing structure includes federal and state historic tax credits, Connecticut Municipal Development Authority funding, and municipal incentives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eastern Bankshares Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610291300BIZWIRE_USPR_____20261029_BW695082) on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Eastern Bank Provides $16.9 Million Financing for High Tide Capital’s New London Redevelopment

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