Hartford Business Journal

February 24, 2020

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4 Hartford Business Journal • February 24, 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 developer's plan to build age-restricted, 55- plus condos just down the road from the golf course also faced local resistance. Nebraska-based developer Cameron General Contractors recently floated the age-restrict- ed housing plan but ultimately abandoned the site, following a cool reception from some planning board members who felt the project would be too dense. A preliminary project meeting last fall was also attended by dozens of Save Nod Road members, signaling a dif- ficult fight ahead for the project, said David Richman, a Save Nod Road board member. "There was so much opposition [Cameron General Contractors] heard from the board that they decided 'we're not going to do it,' " Richman recounted. A Cameron official confirmed the firm is pursuing other sites in town for its 55-plus development, but declined to comment on its reasoning for shelving the Nod Road location. Giorgio is a longtime developer whose re- sume includes the $40-million Dorset Cross- ing mixed-use project in Avon, Stonebridge Estate luxury condos in West Hartford, and manufacturing and bioscience facilities in Pennsylvania, Florida and elsewhere. He said Save Nod Road members are likely to oppose whatever he ultimately pitches, but he also isn't willing to give up on his hopes for Blue Fox Run. "We do believe that it's a very good piece of developable property and we've invested a lot of money in it already," he said. "I think there's al- ways an opportunity to do something. It's a ques- tion of how it's packaged and how it's presented." Lisa Wilson-Foley, who owns the golf course, could not be reached for comment. Save Nod Road is a bit more official than loosely organized groups that crop up in many towns to oppose a particular project. It won nonprofit status in 2018, and since then, Save Nod Road Preservation Inc. has raised approximately $100,000, according to president Chris Carville, who owns the Pickin' Patch, a 353-year-old farm on Nod Road that's among the oldest in the state. It used some of that money to hire attorneys and other experts during the fight against Giorgio's housing proposal, Richman said. The nonprofit's mission is to promote and expand permanent land preservation and responsible land management and protect wildlife in the Farmington Valley. While Carville declined to discuss what, if any, hypothetical Nod Road developments the group may support, he said members oppose any projects on Blue Fox Run. Another major concern the group has is traffic. Richman, the Save Nod Road board member, moved to a condo community located just off Nod Road a few years ago. Since then, he said he has seen traffic backups grow at both ends of the long thoroughfare, which drivers use to cut between Routes 10 and 44. "The area as a whole cannot absorb any more traffic," Richman said. Even if nothing is ever built again on Nod Road, he predicts traffic will continue to increase, due to other nearby developments, such as the massive Avon Village Center mixed-use project now under construction just a few miles away down Route 44, which will be anchored by Whole Foods. Richman, a commercial real estate investor- landlord and health insurance benefits broker by trade, said he sees no irony in his opposi- tion to development on his street, which many would characterize as NIMBYism. "I'm pro development," he insisted. "It's about smart development and it's also about where it is." >> Town Profile continued Avon General Land area (sq. miles) 23 Median age 45 Population (2020) 19,795 Median household income $125,536 Unemployment rate 2.1% Major Employers Town of Avon Norcom Management & Insurance Women's Health Avon Health Center O.F.S. Fitel LLC Housing stock Median price $378,000 Median rent $1,404 Government Total revenue (2017) $94,230,964 Per capita tax $4,193 Mill rate 32.9 Grand list $2,573,057,212 Economy Top employment industries Units Jobs Health care and social assitance 131 1,699 Retail trade 87 1,044 Professional, scientific and technical services 126 837 Top taxpayers (2019) Eversource $20,563,710 Avon 46 LLC (Avon Place) $15,984,540 Two Fifty Five West Main LLC $14,651,339 Source: Connecticut Economic Resource Center

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