Hartford Business Journal

www.HartfordBusiness.com • March 11, 2019 • Hartford Business Journal 11 FOCUS Source: Capital Region Development Authority (CRDA), news archives, developer and architect websites. Notes: Brackett Knoll's 28 new housing units, Bushnell South area, 26 new apartments at Colt Gateway, Heritage Homes Phases I & II and a $2.23-million project at 690-714 Albany Ave. are in the pre-development/financing stage. N/A = Not available or not applicable. —Compiled by Stephanie R. Meagher. THE LIST Residential development projects in Hartford Ranked by estimated cost as of March 2019 Residential development projects in Hartford (Ranked by estimated cost as of March 2019) Rank Property Estimated cost Description Developer(s)/ Architect(s)/ Contractor(s) Stage Expected completion date 1 Downtown North High & Ann Uccello St., Main & Chapel St., Main & 150 Windsor St. $200,000,000 Several acres of northern downtown, cutoff from the city center by I-84 since the 1960's, converted to mixed-use with 800 rental units RMS Cos., Stamford/ N/A N/A Pre-development/ financing N/A 2 Bank of America Tower 777 Main St. $84,500,000 Former financial center converted to mixed-use with 285 apartment units; 20% for households earning up to 50% of the area median income Becker and Becker Associates, Fairfield/ Crosskey Architects, Hartford/ N/A Open for leasing N/A 3 Willow Creek 421 Granby St. $40,000,000 Bowles Park Redevelopment Phase I; former housing project converted to 62 mixed-income rentals Overlook Village Redevelopment Associates, Hartford/ N/A N/A Under construction June 30, 2019 4 Front Street Lofts 20 Front St. $35,700,000 Phase II of the Front Street District revitalization with 121-unit apartment building H.B. Nitkin, Norwalk/ JKRP Architects, Philadelphia, Pa./ Whiting-Turner, Shelton Open for leasing N/A 5 Capitol Lofts 390 Capitol Ave. $35,300,000 Historic manufacturing space, vacant ten years, converted to 112 apartment units with 20% designated as affordable housing Dakota Partners LLC, Waltham, Mass./ Crosskey Architects, Hartford/ Maggiore Construction Corp., Woburn, Mass. Open for leasing N/A 6 Spectra on Pearl 101 Pearl St. $28,400,000 Vacant office building converted to 157 apartment units Girona Capital LLC, New York, N.Y./ Crosskey Architects, Hartford/ Wonder Works Construction & Development Corp., New York, N.Y. Under construction June 30, 2019 7 1278 Silas Deane Highway (Wethersfield) $27,000,000 Vacant and deteriorating industrial site converted to mixed-use property with 120 apartment units Lexington Partners, New York, N.Y./ Close, Jensen & Miller, Wethersfield/ InnoConn Construction Management , Hartford Under construction December 31, 2020 8 Capewell Lofts 57 Charter Oak Ave. $26,100,000 Former Capewell Horse Nail Factory converted to 72 apartment units with 20% designated as affordable housing Corporation for Independent Living Inc., Hartford/ Crosskey Architects, Hartford/ N/A Open for leasing N/A 9 131-134 Main St. $26,000,000 Project envisioned to revitalize two vacant properties at Park and Main Spinnaker Real Estate Partners, Norwalk/ Freeman Cos., Hartford/ N/A Pre-development/ financing N/A 10 Spectra Boutique Apartments 5 Constitution Plaza $23,900,000 Former Sonesta Hotel converted to 190 apartments with 15% designated as affordable housing Girona Capital LLC, New York, N.Y./ Crosskey Architects, Hartford/ Wonder Works Construction & Development Corp., New York, N.Y. Open for leasing N/A 11 Spectra on Pearl 111 Pearl St. $21,550,000 Vacant office building converted to 101 apartment units Girona Capital LLC, New York, N.Y./ Crosskey Architects, Hartford/ Wonder Works Construction & Development Corp., New York, N.Y. Under construction June 30, 2019 12 Front Street Revitalization 81 Arch St. $20,340,000 Mixed-use property with 53 apartment units represents phase IV of the Front Street Revitalization H.B. Nitkin, Norwalk/ JKRP Architects, Philadelphia, Pa./ Whiting-Turner, Shelton Under construction June 30, 2019 13 Teachers Corner 370 Asylum St. $20,300,000 Mixed-use property with 60 apartment units; 30% designated as affordable housing RBH Group, Newark, N.J./ ICON Architectural Inc., Boston, Mass./ LaRosa Construction Co. Inc., Meriden Under construction April 30, 2019 14 50 Morgan St. $19,500,000 Upper floors of former Radisson Hotel converted to 96 housing units Inner Circle Investments and Morgan Hospitality Group, Ormond Beach, Fla./ Crosskey Architects, Hartford/ Greython Construction, Mystic Construction on hold pending new financing December 31, 2019 15 Allyn Street Revival 103-121 Allyn St. $18,460,000 Three historic buildings converted to 66 rentals Paul Khakshouri/ Crosskey Architects, Hartford/ Associated Construction, Hartford Under construction December 31, 2020 16 Judd & Root Building 179 Allyn St. $14,890,000 Historic office space converted to mixed-use property with 63 one-bedroom apartments; 20% designated affordable housing Dakota Partners LLC, Waltham, Mass./ Crosskey Architects, Hartford/ N/A Open for leasing N/A 17 Colt North Armory 140 Huyshope Ave. $13,600,000 Final phase of the two-decade long project to convert the former Colt Manufacturing complex into national historic park; 48 apartment units CG Management Co., South Windsor/ JCJ Architecture, Hartford/ Bartlett Brainard Eacott Inc., Bloomfield Under construction December 31, 2020 18 Lewtan Building 28 High St. $5,500,000 Historic manufacturing space converted to 28 apartment units Constantinos Constantinou, Midland, Mich./ Crosskey Architects, Hartford/ Arista Builders and Designers, Jackson, N.J. Under construction December 31, 2019 19 The Grand on Ann 201 Ann Uccello St. $5,300,000 Commercial office space converted to 26 one- bedroom, market-rate apartment units Universal Enterprises LLC, Brooklyn, N.Y./ Crosskey Architects, Hartford/ Core Construction, Farmington Open for leasing N/A 20 105-7 Wyllys St. $2,520,000 Vacant property converted to nine newly constructed three-bedroom units Providian Builders, Hartford/ Blue Moon Design, Terryville/ N/A Under construction December 31, 2020 21 241 Asylum St. $1,990,000 Historic building converted to mixed-use property with four new housing units Werner and Co., Hartford/ N/A N/A Open for leasing N/A 22 36 Lewis St. $1,800,000 Former commercial property converted to six row-house style apartment units David Elwell IRA/ N/A N/A Open for leasing N/A 23 246-50 Lawrence $1,540,000 Historic restoration of 12 units within two vacant six-family buildings Wolverine Properties, Windsor/ N/A N/A Under construction May 31, 2020 24 Trumbull on the Park 100 Trumbull St. $1,500,000 Renovation of former apartment buildling to result in 16 apartment units Girona Capital LLC, New York, N.Y./ N/A/ Wonder Works Construction & Development Corp., New York, N.Y. Under construction December 31, 2019 25 Asylum Lofts Condominiums 289 Asylum St. $1,474,000 Conversion of vacant floors to eight condo units Asylum 289 Condominiums LLC, Hartford/ Christopher Compton, Los Angeles, Calif./ N/A Under construction June 30, 2019 26 Carriage House 40 Elm St. $1,400,000 Historic building converted to six residential apartments Peabody Unlimited LLC, Windsor/ N/A N/A Open for leasing N/A 27 1279-83 Main St. $1,350,000 Historic building converted to ten housing units across from Dunkin' Donuts Park San Juan Center, Hartford/ N/A N/A Under construction May 31, 2020 Source: Capital Region Development Authority (CRDA), news archives, developer and architect websites. Notes: Brackett Knoll's 28 new housing units, Bushnell South area, 26 new apartments at Colt Gateway, Heritage Homes Phases I & II and a $2.23-million project at 690-714 Albany Ave. are in the pre-development/financing stage. N/A = Not available or not applicable. —Compiled by Stephanie R. Meagher.

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