Hartford Business Journal

February 10, 2020

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$30M redevelopment would bring apartments, upgrades to South Windsor's Geissler's plaza By Joe Cooper jcooper@hartfordbusiness.com F armington developer Pros- pect Enterprises LLC acquired South Windsor's Geissler's plaza almost a decade ago with aspirations of recasting the prop- erty into a mixed-use development. Now, after a wave of support from residents and town officials, Pros- pect is eyeing a $30-million invest- ment to expand and modernize the popular Geissler's Supermarket and add new apartment buildings at the Sullivan Avenue property. The town's Planning and Zoning Commission recently approved a zoning amendment that would allow Prospect to revamp 55,000 square feet of retail space and erect six, three- story buildings containing 125 studio, one- and two-bedroom apartments. The housing would also be comple- mented by a separate "clubhouse" building. Prospect still needs other local and state approvals before it can break ground on the redevelopment in the next year, said Prospect General Man- ager Gregg Nanni. Construction could take up to two years to complete. "The apartment buildings add some economic vitality to the project overall," said Nanni, whose firm owns and manages several grocery-an- chored community shopping centers. "That makes the expansion and reno- vation of Geissler's more viable." The luxury apartment complex is expected to feature 15 studio and 70 one- and 42 two-bedroom units on vacant land adjacent to Geissler's Su- permarket. The housing development will cost about $20 million. Nanni said the studio and one- bedroom units would be tar- geted at young professionals and the two-bedroom units geared toward empty nesters looking to downsize. The 28,000- square-foot Geissler's Supermarket has agreed to remain the shopping center's flagship tenant and is slated to benefit from $3 million in interior renovations. The grocery store was last renovated in 1998, town officials say. (The family owned supermarket also operates loca- tions in East Windsor, Windsor, Bloom- field and Somers, among others.) Prospect is looking to spend THE REAL DEAL Geissler's Supermarket in South Windsor is nearing its first renovations in more than 20 years. The Geissler's shopping plaza has several vacant storefronts. PHOTOS | CONTRIBUTED VISITWWW.HARTFORDBUSINESS.COM/HBJ-EVENTS/WOMEN-IN-BUSINESS TO PURCHASE TICKETS TODAY. EVENT PARTNERS: PRESENTED BY: EVENT & TRAVEL PARTNERS PLATINUM SPONSOR Monday May 4, 2020 11:30 AM TO 1:45 PM HARTFORD MARRIOTT 200 Columbus Blvd., Hartford, CT 06103 Join us! The Hartford Business Journal will celebrate fi fteen outstanding women who have mastered their industries and are admired by the business community. CONGRATULATIONS TO 15 REMARKABLE WOMEN IN BUSINESS!

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