NewHavenBIZ

n e w h a v e n b i z . c o m | M a y 2 0 2 1 | n e w h a v e n B I Z 15 Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Hartford, CT Since 1942, our goal simple: To provide complete design, planning construction services industrial and retail on years of experience, competitive and offer When the strictest is critical to your success, always count on Borghesi From concept to occupancy, is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … n Winchester Works: On Munson Street the group is leasing up the former Higher One Building and im- proving part of the ground floor now for its first biotech tenant, Halda. n Winchester Green: On Winchester Avenue the developers are prepar- ing a site plan application for a new apartment building and retail space to replace the large parking lot between Winchester Lofts and 5 Science Park. n Mansfield Green: On Mansfield Street the group wants to remove the contaminated buildings from the site and replace them with a new build- ing with housing and/or office/lab. A vision for Winchester Center Twining Properties and L+M Development Partners are overseeing the Winchester Center redevelopment with partner Goldman Sachs. The project, which aims to transform the car-oriented office park into a walkable mixed-use community, includes three separate blocks: Ave., every one of those will have retail," added Twining, who envisions everything from local restaurants and shops to brew pubs. "We feel like all of the surrounding areas will probably migrate here if we can give them something exciting to come for." Family ties Twining first entered the New Haven market in 2017, when his company spent nearly $40 million to buy the Novella, the luxury apartment building developer Randy Salvatore constructed at the corner of Chapel and Howe streets. Although Winchester Center is his first major undertaking in the Elm City, Twining says it is right in his wheelhouse. He has spent his career building mixed- use developments in similar urban neighborhoods, including apartment towers in Cambridge's Kendall Square and Boston's Seaport district. But his passion is also rooted in a personal connection: his family members were among the earliest managers of Yale University, including Arthur Twining Hadley, who served as president from 1899 to 1921 and is buried in New Haven's Grove Street Cemetery. As a Yale College and Yale School of Architecture alumnus himself, Twining represents the sixth consecutive generation of his family to graduate from the university; his daughter Cornelia is the seventh. "Alex has the background to do this and has the personal ambition because of his family connection to the city," said Matthew Nemerson, one of the original creators of Science Park who worked closely with Twining as the city's previous economic development administrator. "He really wants to make this a legacy, which is exciting," Nemerson said. Twining said he originally bid on the project in 2007 but lost out to Ohio developer Forest City, which redeveloped a portion of the factory into the Winchester Los in 2015. When Forest City was acquired by another company and le town, Twining was approached about picking up where the developer le off. But Twining had bigger ideas. "We did not think that just [redeveloping the remaining factory buildings] was really going to change the neighborhood enough to make it really feel like a great place," he said. "We eventually got the rights to redevelop all the parking lots into buildings and the rest of the buildings over time." When finished, the project could eventually include more than 900 apartments, retail space and 500,000 square feet of office and lab space. Bioscience tenant With the city still facing a shortage of lab space for companies in the burgeoning biotech industry, Twining said it makes sense for Winchester Works and any subsequent office buildings to cater to life science tenants. He said he isn't worried about the lab space pendulum swinging from scarcity to oversaturation when Massachusetts developer Carter Winstanley opens his new $100 million bioscience tower at 101 College St. in 2023. In fact, he thinks Winstanley's building could actually bolster his project by attracting more biotech companies into the city. "e way we look at it, there are two life science clusters in New Haven. One is centered around the medical school, the other is centered around Science Hill," Twining said. "I think there's room for both and a need for both." Winchester Partners secured a $22 million three-year floating rate loan from Liberty Bank to complete the Winchester Works renovation, which included retrofitting the building to allow for wet lab space, as well as overhauling the entrance and lobby and revamping the rooop amenity space. Jeff Hubbard, senior vice president and commercial banking regional manager for Liberty Bank, said the bank felt confident in the joint venture's combined decades of experience developing multifamily housing and life sciences and office buildings, and is bullish about the vibrancy of the New Haven market. "It's a good fit for us," Hubbard said. Halda erapeutics, a drug-discovery company founded by renowned Yale scientist Craig Crews, will become the first new life sciences company to move into the development when it occupies its new 10,000-square-foot lab space at Winchester Works next month. e company launched in Branford in 2019 aer spending two years searching for lab space in the Elm City, said Chief Financial Officer Scott Phillips. But Phillips said the company "always had an eye toward coming back to New Haven," where it could be closer to Crews' lab and its sister biotech, Arvinas Inc. (an earlier Crews venture that went public in 2018 and now takes up much of the two original Science Park buildings.) He said Halda's team has since grown to 15, and will likely expand to 30 in the new location. "We really have high hopes for what Alex is doing there," Phillips said of Twining's long-term vision. "He has a very ambitious goal and if he could achieve even 70 or 80 percent of that, I think it would be a real win for the city and a win for biotech." n Jeff Hubbard

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