Hartford Business Journal

www.HartfordBusiness.com • February 4, 2019 • Hartford Business Journal 5 Co. in West Hartford and of its parent company, CF Holding Corp., according to his executive profile on Bloomberg. Autorino also had Hartford area commercial realty interests, including a stake in the former G. Fox & Co. department store building at 960 Main St. in downtown. Hartford nursing home acquired, renamed A Manchester-based nursing home operator say it's acquired Park Place Health Center in Hartford out of state receivership for more than $3 million. ICare Health Network, which specializes in operations, financial management, business planning and marketing, among other areas, said it acquired the Hartford nursing home at 5 Greenwood St., and has begun operating the 150-bed facility as Parkville Care Center. The acquisition costs will cover court-required improvements and other obligations, according to David Skoczulek, iCare's vice president of business development. Founded in 2001, iCare now operates 11 nursing homes and employs 1,700 workers in Connecticut. Windsor's Great Pond has apartments underway By Gregory Seay gseay@hartfordbusiness.com N early a decade since plans for Windsor's Great Pond mixed- use development first aired, construction is underway on a 230-unit apartment community in the master- planned community. Fairfield residential developer East- pointe LLC since last Nov. 1 has been constructing on 12 acres acquired from Great Pond's owner the first of eight buildings that will comprise The Preserve at Great Pond, Eastpointe co-managing partner William R. Finger said. That first build- ing will house 50 apartments on four floors and is slated to be ready for occupancy by late August, Finger said. The other buildings, all completed in stages one year later, will have three floors and will house 12, 24 or 36 units, ranging from studios and one-bedroom apartments to two- and three-bedroom units. Rents will run from $1,400 to $2,400 monthly, he said. The Preserve is the first development on Great Pond since owner Winstanley Enterprises LLC, of Concord, Mass., one of Connecticut's biggest commercial landlords, in 2010 bared its ambitious vision for a mixed-use development on 633 acres fronting Windsor's active Day Hill Road corridor. Winstanley is a partner in redevelop- ing Great Pond with ABB Group, owner of the former Combustion Engineer- ing nuclear-boiler production/testing facilities that once occupied the site. Winstanley officials referred inquiries about The Preserve to Eastpointe, which is no stranger to the Hartford region. In 2014, it began development of Simsbury's 168-unit Eastpointe at Dorset Crossing apartments off Hopmeadow Street. In July 2017, Eastpointe sold Dorset Crossing for $36.5 million, or $217,000 per unit. The Preserve occupies a site front- ing Day Hill Road in the shadow of Hartford Financial Services Group Inc.'s Windsor office building. Originally bared in Dec. 2010, family- run Winstanley Enterprises touted Great Pond as a $750 million project that was to be a mix of single-family and multifamily housing aimed at a wide demographic. Fully developed, it also would include hundreds of thou- sands of square feet for neighborhood retail, office and research and develop- ment space. But last August, Winstanley's patri- arch, David Winstanley, indicated in papers filed with Windsor a shift in his development vision for Great Pond. According to area commercial brokers, Winstanley Enterprises lately has pitched a portion of Great Pond's acreage available for development into a pair of mammoth industrial distribution facilities — each around 500,000 square feet — like the kind that have sprouted or are under construction in Windsor. Online retail giant Amazon occupies a sprawling, 1.4 million-square-foot fulfill- ment center adjacent to Great Pond. Hi, Connecticut. Join Google for free workshops to help you grow your skills, career, or business. Coming to Connecticut Week of February 11 g.co/GrowConnecticut GwG_CT_Hartford_Business_Journal_9_75x6_75_Hi.indd 1 1/8/19 11:33 AM William R. Finger, Co-managing Partner, Eastpointe LLC A rendering of the Preserve at Great Pond, which will house 50 apartments. RENDERING | CONTRIBUTED

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