4 Hartford Business Journal • November 2, 2020 • www.HartfordBusiness.com
SUBSCRIPTIONS
Annual subscriptions are $96.00. 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 bi-weekly, 27x 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
Tom Curtin | President, ext. 124, tcurtin@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: Real Estate/Economic Development, Energy, Startups &
Entrepreneurs, Banking & Finance, and Government
Liese Klein | Web Editor, ext. 127, lklein@hartfordbusiness.com
Beats: Health Care and Bioscience
Sean Teehan | Staff Writer, ext. 145, steehan@hartfordbusiness.com
Beats: Manufacturing, Law, Technology, Higher Education, and
Transportation
Tim Doyle | Lead Researcher
Heide Martin | Research Assistant
Steve Laschever | Photographer
BUSINESS
Tom Curtin | Publisher, ext. 124, tcurtin@hartfordbusiness.com
Donna Collins | Associate Publisher, ext. 121, dcollins@HartfordBusiness.com
Christina Zuraw | Events Coordinator, ext. 134, czuraw@hartfordbusiness.com
David Hartley | Senior Accounts Manager, ext. 130,
dhartley@HartfordBusiness.com
Zac Macinnes | Senior Accounts Manager, ext. 133,
zmacinnes@HartfordBusiness.com
Daniel Schilke | Senior Accounts Manager, ext. 135,
dschilke@HartfordBusiness.com
Valerie Clark | Director of Audience Development, ext. 332
Jill Coran | Human Resources Manager
PRODUCTION
Christopher Wallace | Art Director, ext. 147, cwallace@HartfordBusiness.com
Joe Zwiebel | Founding Publisher
about 110 apartment units. Since his property
sits on Route 20 — a busy thoroughfare — the
town also wants him to add a retail component
to the project, which Brown said he is less bull-
ish about given the struggles small merchants
and restaurants have faced since March.
"I don't think retail is a bad thing in general,
but with COVID-19, who really knows what
the future is going to bring," he said. "I think
having retail today is less desirable than it was
before because of COVID."
He said he's also curious to see how the
pandemic will impact the apartment market.
Despite those concerns he'd like to present a
formal site plan to the town this winter and po-
tentially break ground on a mixed-use residen-
tial development next summer or fall.
Selling points
The transitional zone, which has about a half-
dozen privately owned sites suitable for apart-
ment development,
allows numerous
other uses including
medical, manufac-
turing, warehouse/
distribution and
even office space.
However, the new
regulations also
added some restric-
tions on certain
developments. For
example, distribu-
tion facilities in
the zone are now
limited to 300,000
square feet or less,
while manufacturing buildings can't exceed
150,000 square feet. The aim is to limit the
size of those types of properties located close
to the town village center zone, which was
created more than a decade ago.
Apartments are attractive near the town
center, Haynes said, because they will put feet
on the street, hopefully creating demand for
more restaurants, shops or even a grocery
store — amenities that are key to developing
a definable town center.
In terms of selling East Granby, Haynes said
the town is: close to Bradley International
Airport and major highways; home to a strong
advanced manufacturing base and highly
educated population; and has many outdoor
amenities like hiking trails, whitewater rafting
and mountain biking.
The town recently approved its first brew-
ery — Almost Famous Brewery, which is set
to debut at 17 Kripes Road this winter — and
has a popular winery, Brignole Vineyards on
Hartford Avenue.
>> Town Profile continued
73 Rainbow
Road sits within
East Granby's
Commerce Park
Transitional
Zone, which
now allows
for residential
development.
East Granby
General
Land area (sq. miles) 18
Median age 44
Population 5,317
Median household income $93,385
Unemployment rate 5.80%
Major Employers
Air National Guard
Monrovia Nurseries
Nufern
Rockbestos
MB Aerospace
Housing stock
Median price $288,000
Median rent $914
Government
Total revenue (2017) $23,867,289
Per capita tax $3,586
Actual mill rate 33.2
Grand List $607,297,187
Economy
Top employment industries Units Employment
Manufacturing 30 1,303
Transportation
and warehousing 19 491
Total government 14 482
Top taxpayers (2019)
RSCC $27,740,910
Galasso $26,849,560
CL& P $21,415,660
MB Aerospace $13,078,120
Source: AdvanceCT
IMAGE
|
CONTRIBUTED
