Hartford Business Journal

January 27, 2020

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4 Hartford Business Journal • January 27, 2020 • 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 2020. 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, 28x 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 | Freelance Designer, ext. 140, lcornish@HartfordBusiness.com LATEST HEADLINES Windsor General Land area (sq. miles) 30 Median age 44 Population (2020) 28,474 Median household income $89,565 Unemployment rate 3.7% Major Employers The Hartford Amazon Walgreens Northeast Utilities Cigna Housing stock Median price $216,500 Median rent $1,195 Government Total revenue (2017) $125,290,065 Per capita tax $3,219 Mill rate 32.38 Grand list $2,959,778,035 Economy Top employment industries Units Employment Finance & insurance 82 5,517 Transportation & warehousing 55 4,612 Manufacturing 48 3,119 Top taxpayers (2018) Amazon $98,917,654 Griffin Land & Affiliates $89,562,346 Walgreens $76,947,455 Source: Connecticut Economic Resource Center Winstanley has invested $8 million into the project thus far, and has set ambitious plans to bring a biotech company, farmer's market and other multifamily living spaces to the develop- ment in the coming years, according to Principal David Winstanley, who runs the family owned business with his two sons, Adam and Carter. David Winstanley said his firm is currently in negotiations with a biotech company that could erect a massive building on the 40 acres across the street from The Preserve on Day Hill Road. He declined to name the company, but said it already has a research-and-develop- ment presence in Connecticut. Winstanley is also working with a con- dominium developer looking to build up to 100 units near The Preserve. A roughly 15,000-square-foot farmer's market could be another amenity. The latest vision for Great Pond is some- what modest compared to what was originally planned. In 2012, the hope was that develop- ment would include more than 4,000 single- family homes, 85,000-square feet of retail space and some 640,000 square feet of office space, among other proposals. Town Planner Eric Barz said several devel- opers tried and failed to takeover the site in recent decades, but were unable to pull to- gether enough financing for development. >> Town Profile continued Continued on facing page >> A view from the rear of Great Pond's clubhouse. PHOTOS | CONTRIBUTED Home Depot to operate $50M distribution center in South Windsor Home Depot plans to open a major distribution center in South Windsor, adding a significant number of jobs as the nation's largest home- improvement retailer tries to become a bigger player in online sales, precipitating a need to get closer to its stores and customers for next-day or even same-day delivery. Indiana developer Scannell Properties is currently building the $50-million, 421,000-square-foot distribution facility on vacant land in South Windsor that will be leased long term by Home Depot upon completion, sources confirmed to HBJ. The combined 46-acre property is officially located at 360 Ellington Road, 245 Chapel Road and R008 John Fitch Boulevard. Town officials did not name any potential tenants during the project's local approval process last year.

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