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.
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Hartford's "Candy Cane" building, 10 Columbus Blvd.
PHOTO
|
HBJ
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