Upgrades Enhance 114-Unit Apartment Development in Waterbury, CT

WATERBURY, CT (August 27, 2026) – Upgrades throughout a 10-story, 114-unit apartment building in Waterbury, CT have been completed, through a $7.3 million refinance loan from Kearny Bank. Located just steps from Waterbury Green in downtown Waterbury, the 60 Phoenix Avenue community provides high-density housing options in the midst of intense regional demand.

“We’re always eager to partner on projects that enhance residential spaces and provide lasting value,” says Gary Brozowski, Kearny Bank’s Director of Commercial Real Estate Lending. “The refinancing for 60 Phoenix, LLC underscores our commitment to supporting housing opportunities throughout Connecticut and the surrounding region.”

In recent years, Kearny Bank has provided more than $500 million in financing for commercial real estate projects across New Jersey, New York, Connecticut, Delaware, Maryland, Pennsylvania, and Virginia.

The refinance loan for 60 Phoenix Avenue – which was built in 1973 – was originated by Kearny Bank’s Ryan Newberry, Vice President, Commercial Real Estate Lending.

About Kearny Bank

Combining the finest traditions of community banking with the industry’s latest, most effective financial products and services, Kearny Bank provides business and personal clients with the tools for success. Established back in 1884, and now operating from corporate offices in Fairfield, NJ, Kearny Bank’s footprint covers most of New Jersey, along with Brooklyn and Staten Island. Additional information is available at kearnybank.com or by visiting Kearny Bank’s social media channels: Facebook, Instagram, X, LinkedIn and YouTube.