4 Hartford Business Journal • June 29, 2020 • www.HartfordBusiness.com
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East Windsor also has a below-average mill
rate of 34.25 and boasts plenty of sewer infra-
structure.
"We could do the casino project three times
with room to spare," he said of the sewer
plant's 60% capacity.
Bowsza said the North Road parcels are
zoned for commercial use and could be a good
fit for mid-to-upscale retail, medical offices or
luxury apartments.
"The market in general is not excited right
now about office space, and with COVID-19 I
think you will see more of that," he said.
Bass said the listings have drawn a few seri-
ous nibbles. One party was interested in a so-
lar development, while another was interested
in the approved condo project that fronts
nearby Winkler Road. The local permit expired
last year, but there's potential for someone
to renew it, possibly
with a denser layout
and more units,
since recent zoning
changes would allow
for it.
Caroline Bass said
she was a bit surprised
to see interest in the
property during the
COVID-19 pandemic,
which she said has
produced plenty of
opportunistic offers in
her own broker work
in the city.
"In New York my
buyers and sellers
are getting low-ball
offers left and right
because they assume
everybody is distressed," she said.
She said the East Windsor tract's location
and price are both attractive, which could
explain it.
Bowsza said he hopes the town is on the
verge of a development wave. Besides the ca-
sino and solar projects, and the potential the
Bass land presents, the International Broth-
erhood of Electrical Workers union recently
wrapped construction on a 25,000-square-
foot training and office facility on Craftsman
Road East, while construction of a 55-plus
age-restricted, 122-unit apartment commu-
nity called Water Mill Landing — developed
by realty firm Calamar — remains ongoing.
There's been lots of development in adja-
cent Enfield and South Windsor over the last
decade or two, and now Bowsza hopes it's East
Windsor's turn.
"We're kind of that in between just waiting
to pop," he said.
>> Town Profile continued
East Windsor
General
Land area (sq. miles) 26
Median age 44
Population 12,650
Median household income $75,056
Unemployment rate 7.9%
Major Employers
Southern Auto Sales Inc.
Walmart
Kettle Brook Care Center
Mulnite Farms Inc.
Metal Improvement
Housing stock
Median price $204,300
Median rent $1,201
Government
Total revenue (2017) $39,640,594
Per capita tax $2,633
Actual mill rate 34.25
Grand List $956,426,042
Economy
Top employment industries Units Employment
Administrative and
waste services 36 1,416
Retail trade 60 982
Wholesale trade 51 803
Top taxpayers (2018)
CT Light & Power Co. $22,627,330
The Mansions at Canyon Ridge LLC $21,793,330
Walmart $18,066,180
Source: AdvanceCT
This 26-acre solar farm in Simsbury was developed by the same hedge fund
that now wants to build an array nearly five times its size in East Windsor.
PHOTO
|
CONTRIBUTED
