A 251-unit Class A multifamily development supporting New London’s growing workforce and the revitalization of Fort Trumbull.
The Mizzen is a 251-unit Class A multifamily development located in New London, Connecticut, and phase II of New London Landing, a multi-phase redevelopment of the Fort Trumbull waterfront.
At the center of the opportunity is one of the region’s most powerful economic engines: Electric Boat, a subsidiary of General Dynamics and one of the U.S. Navy’s primary nuclear-submarine builders. With thousands of employees in the region and significant long-term defense investment driving continued expansion, Electric Boat’s growth is creating sustained demand for new housing in and around New London.
For years, Electric Boat has added thousands of employees annually. With plans for significant additional hiring, the challenge is increasingly clear: the region needs housing to support its growing workforce.
Electric Boat’s presence in New London provides a demand generator rarely seen in a market of its size. The company is supported by decades-long U.S. Navy submarine programs, billions of dollars in contracted work, and a workforce expected to continue growing for years to come.
The result is not simply population growth. It is employment-driven housing demand backed by one of Connecticut’s largest employers and an industry of national strategic importance.
New London Landing’s first phase provided an early test of the thesis.
The Beam, a 203-unit Class A multifamily community, began construction in 2021 and was delivered in 2023. The property fully leased in approximately 90 days, demonstrating significant pent-up demand for high-quality housing in the market.
The success of The Beam validated the broader New London Landing vision and laid the foundation for its next phase: The Mizzen.
Teammates strategically partnered with RJ Development & Advisors to help advance the next phase of New London Landing.
The opportunity brought together the core elements of Teammates’ investment approach: a proven local development partner, a powerful long-term demand generator, demonstrated market absorption, institutional capital, public-sector alignment, and an opportunity to create meaningful economic and community impact.
Through the partnership, Teammates is helping bring athlete investors into the project as strategic partners, creating access to institutional-quality commercial real estate ownership while helping deliver housing needed to support New London’s continued economic growth.
For more than 25 years, Fort Trumbull has stood at the center of one of America’s most consequential redevelopment stories.
The neighborhood became nationally known through *Kelo v. City of New London*, the landmark U.S. Supreme Court eminent-domain case centered around Susette Kelo and her now-famous “Little Pink House”. A a story later brought to the screen in the film Little Pink House.
The city’s original vision promised to transform the Fort Trumbull waterfront, but much of that transformation went unrealized for decades.
Today, a new chapter is taking shape.
The Mizzen represents more than 251 new residences. It is part of the continued revitalization of Fort Trumbull bringing new housing, investment, and activity to a waterfront district whose transformation has been generations in the making.