Hartford Business Journal

December 9, 2019 — Health Care Heroes

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4 Hartford Business Journal • December 9, 2019 • www.HartfordBusiness.com SUBSCRIPTIONS: Annual subscriptions are $84.95. To subscribe, visit HartfordBusiness.com, email hartfordbusiness@cambeywest.com, or call (845) 267-3008. ADVERTISING: For advertising information, please call (860) 236-9998.Please address all correspondence to: Hartford Business Journal, 15 Lewis Street, Suite 200, Hart- ford CT 06103. STAY CONNECTED For breaking and daily Greater Hartford business news go to: www.HartfordBusiness.com HBJ on Twitter: @HartfordBiz HBJ on Facebook: www.facebook.com/HartfordBiz HBJ on Linkedln: www.linkedin.com/ company/the-Hartford-Business-Journal Daily e-newsletters: HBJ Today, CT Morning Blend: www.hartfordbusiness.com/enewsletters Tel: (860) 236-9998 Fax (860) 570-2493 Copyright 2019. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O. Box 330, Congers, NY 10920-9894 www.copyright.com HartfordBusiness.com (860) 236-9998 Hartford Business Journal (ISSN 1083-5245) is published weekly, 49x per year — including two special issues in November and December — by new England Business Media, LLC, 15 Lewis Street, Suite 200, Hartford, CT 06103. Periodicals postage paid at Hartford, CT and at additional entry points. Peter Stanton | CEO, pstanton@nebusinessmedia.com Joseph Zwiebel | President, ext. 132, jzwiebel@hartfordbusiness.com Mary Rogers | COO/CFO, mrogers@nebusinessmedia.com EDITORIAL Greg Bordonaro | Editor, ext. 139, gbordonaro@hartfordbusiness.com Matt Pilon | News Editor, ext. 143, mpilon@hartfordbusiness.com Beats: Health Care, Energy, Startups & Entrepreneurs, Banking & Finance, Government, Bioscience Joe Cooper | Web Editor, ext. 127, jcooper@hartfordbusiness.com Beats: Real Estate, Economic Development, Construction Sean Teehan | Staff Writer, ext. 145, steehan@hartfordbusiness.com Beats: Manufacturing, Technology, Higher Education, Transportation, Nonprofits Heide Martin | Research Assistant Steve Laschever | Photographer BUSINESS Joe Zwiebel | Publisher, ext. 132, jzwiebel@HartfordBusiness.com Donna Collins | Associate Publisher, ext. 121, dcollins@HartfordBusiness.com Tom Curtin | Chief Revenue Officer, ext. 124, tcurtin@hartfordbusiness.com Lauren Stroud | Events & Project Manager, ext. 137, lstroud@HartfordBusiness.com Christina Zuraw | Events Coordinator, ext. 134, czuraw@hartfordbusiness.com Shannon Vincelette | HBJ Office and Events Coordinator, ext. 122, svincelette@hartfordbusiness.com David Hartley | Sr. Accounts Manager, ext. 130, dhartley@HartfordBusiness.com Kristen P. Nickerson | Sr. Accounts Manager, ext. 133, knickerson@HartfordBusiness.com Michael Templeton | Senior Accounts Manager, ext. 148, mtempleton@HartfordBusiness.com Sue Lavin | Accounts Manager, ext. 128, slavin@HartfordBusiness.com Raki Zwiebel | Credit and Collections Manager Valerie Clark | Accounting Assistant/Office Manager Jill Coran | Human Resources Manager PRODUCTION Christopher Wallace | Art Director, ext. 147, cwallace@HartfordBusiness.com Liz Cornish | Creative Director, ext. 140, lcornish@HartfordBusiness.com said. "From 2013 to the present, renovations and new construction in Glastonbury totals over a million square feet." Investor interest The new hotel comes at a time when the Som- erset Square development has garnered signifi- cant interest from investors in recent years. In May, Simsbury real estate investment firm Hart Realty Advisers acquired a pair of four- story office buildings in Glastonbury's Somer- set Square for $30.3 million. The two office buildings at 180 and 200 Glastonbury Blvd., together span over 184,871 square feet. Both buildings house numerous tenants in the insurance, financial technology, account- ing and wealth management sectors, includ- ing Wells Fargo Advisors, RBC Wealth Man- agement and Washington Trust Co-Westerly. In Oct. 2016, Manhattan-based Rouse Prop- erties paid $42 million for The Shops at Som- erset Square, the 115,000-square-foot lifestyle shopping center at 140 Glastonbury Blvd. Somerset Square's retail lineup includes: Max Fish, Lux Bond & Green, Francesca's, Victoria's Secret, White House Black Market, Chico's, Talbots, Chipotle and Starbucks. >> Town Profile continued Glastonbury General Land area (sq. miles) 51 Median age 46 Population (2020) 34,810 Median household income $111,645 Unemployment rate 2.5% Major Employers Town of Glastonbury Ikon/Office Solutions Salmon Brook Nursing & Rehab Open Solutions Super Stop & Shop Housing stock Median price $344,100 Median rent $1,229 Government Total revenue (2017) $175,617,200 Per capita tax $4,114 Mill rate 36.36 Grand List $4,179,095,067 Economy Top employment industries Units Employment Health care and social assistance 164 2,435 Finance and insurance 189 2,101 Government 26 1,845 Top taxpayers (2018) Taxpayer Amount Connecticut Light & Power $44,052,150 Shops At Somerset Square LLC $28,651,700 New London Turnpike Apts Investors LLC $27,459,700 Source: Connecticut Economic Resource Center Phase 2 of $55M Meriden transit- oriented development debuts Developers have completed the second- phase of a mixed-use, residential development in Meriden near the city's Hartford Line train station. The Meriden Commons II project on State Street, which broke ground in July 2018, includes a four-story building with 49 residential units, and two buildings consisting of 27 townhouse-style units, and more than 1,500 square feet of commercial space. The new apartment buildings abut Meriden's Hartford Line train station. Meriden Commons II represents the second phase a multi-part project. Meriden Commons I, which was completed in the summer of 2018, includes 75 residential units and 5,400 square feet of commercial space on 161 State St. Most of the residential units (120 out of 151) are designated as affordable housing; the rest market rate. LATEST HEADLINES Continued on facing page >>

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