With a plan to buy the former Crowne Plaza hotel property, a New York company is looking to get the long-stalled redevelopment on track by demolishing the decaying building and putting up more than 250 apartments.

Alpine Residential is looking to buy the Cromwell project from Lexington Partners, a well-known Hartford developer , and redesign several elements of Lexington’s original apartment proposal.

Alpine plans slightly fewer apartments and a much higher mix of two-bedroom units than Lexington had proposed, and will do away with a planned line of townhouses while cutting new retail space by more than half.

The hotel and banquet facility, once a central Connecticut landmark popular for small conventions, weddings and class reunions, has been deteriorating since January 2020 when

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