Hartford Business Journal

March 25, 2019

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www.HartfordBusiness.com • March 25, 2019 • Hartford Business Journal 5 2014, Morton's Steakhouse vacated its 8,000-square-foot space on State House Square's ground floor. Hartford's 'Candy Cane' building set for auction The near-downtown Hartford skyscraper that is headquarters for Connecticut Children's Medical Center is headed for an online auction, with a $5.5 million opening bid. California real estate auctioneer Ten-X Commercial and its Auction.com affiliate announced on their homepage they have been retained to oversee the scheduled two-day auction April 17-19 for Hartford Square North, 10 Columbus Blvd., overlooking the city's Front Street entertainment district on downtown's southern edge. Bidders must make a $50,000 "participation deposit,'' with the winner paying an extra 5 percent "transaction fee,'' according to Ten- X's homepage. As previously reported, the edifice known to locals as the "Candy Cane Building" for its silver- maroon cladded exterior shaped like the popular holiday confection, is a foreclosure in the hands of a special servicer since Hartford Square North LLC, the owner of the non- condominium portion of the 11-story tower, fell behind on its refinanced 10- year, $17.5 million mortgage that was set to mature in July 2017. By last summer, Connecticut Children's had relocated its headquarters and about 400 staffers from its main campus on Washington Street to some of the floors of Hartford Square North. Mutual success: a better approach to business banking. BUSINESS BANKING • COMMERCIAL LOANS TREASURY MANAGEMENT SOLUTIONS Our products, services and team approach were designed with your growing needs in mind. Visit chelseagroton.com/growthatbusiness or call 860-448-4203 to learn how we can grow that business of yours together. Great fares now available to Dublin, London, Paris and more. Book now at aerlingus.com Love to travel Love the journey Fly from Hartford (BDL) to 25+ cities across Europe Hartford's "Candy Cane" building, 10 Columbus Blvd. PHOTO | HBJ FILE

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