Constructed in 1920, the “Edward Bloom Silk Mill” is located near downtown New London, with New London itself being Southeastern Connecticut’s major city, and a vibrant coastal community overlooking Long Island Sound. Recent federal contracts for submarine construction have spiked employment opportunities in New London and the resultant demand for additional housing, contradicting earlier reports suggesting a relatively flat to negative demand. The region’s primary healthcare facility, Lawrence+Memorial Hospital, is also located in New London, and is now affiliated with Yale New Haven Health System. As a result of Yale’s investment, new jobs in the medical fields have also been emerging. The conversion of the “Edward Bloom Silk Mill” into a multifamily development of 65 to 90 housing units would greatly contribute to the City’s much-needed apartment stock. Currently in the design phase, this 2-story building will be roughly 156,380-SF and will feature community rooms, laundry rooms and a gym.