The firm earlier this month signed a development agreement withthe Borough of Naugatuck and the Naugatuck Economic DevelopmentCorp. for the project to be built on a 60-acre brownfield site onthe Naugatuck River shoreline.

Renaissance Place will be built out over four phases and willinclude 500,000 sf of retail space; more than 1,500 condominiums,apartments, townhouses and lofts; two hotels and a technologycenter that will showcase the development and implementation ofenergy independent technologies, company officials say.

The first phase, whose planning is actively under way, willinclude approximately 387 residential units, 223,800 sf of retailand restaurants, entertainment venues and 170,000 sf of tech/flexspace. A company spokesman says construction on the first phasecould begin in the next 12 to 18 months. Financial partners in theventure were not disclosed.