NewHavenBIZ

n e w h a v e n b i z . c o m | J u n e 2 0 2 1 | n e w h a v e n B I Z 29 upscale brands for Choice Hotels, said the groundbreaking is part of an ongoing expansion for the brand, which recently opened new hotels in Fort Lauderdale and Orlando, Florida; Rock Hill, South Carolina; and Washington, D.C. e company is bringing Cambria hotels to Austin, Texas; Detroit; and Nashville, Tennessee this year. Currently, Cambria has about 60 hotels across the country, with nearly 80 more in the pipeline. New Haven was picked due to its proximity to Yale University, Yale New Haven medical facilities, Hammonasset Beach State Park and other Connecticut attractions, according to the company. e new hotel will feature decor to reflect the region, including artwork from local artists. It will have meeting and event spaces, on-site dining and a fitness center among its amenities. e Cambria Hotel New Haven is being developed in collaboration with HighSide Development, architect and interior designer Baskervill, and construction manager KBE Building Corp. e Pyramid Hotel Group will operate it. Madison bank building sells for $3M JP Morgan Chase Bank has purchased a property at 634 Boston Post Road in Madison for a new bank branch. e deal, which closed for $3.1 million, includes a 6,241-square-foot bank building on approximately half-an-acre. e 3-story building is located in downtown Madison. However, the buyer plans to demolish the existing building and replace it with a new Chase Bank. e Foundry apartments, 842 1st Ave., West Haven W h a t ' s T h e D e a l ? Property Address City Property Type Building SF Sale Price Year Built What's Sold 5 W Main St Chester Retail 2,610 $330,000 1900 6 Savoy St Hamden Multi-Family 564 $620,000 1960 74 Buckingham St Waterbury Office 4,619 $299,000 1914 12 Union City Rd Prospect Land $283,500 211 Pomeroy Ave Meriden Multi-Family 176,496 $34,800,000 2005 0 Old Pointe Rd Milford Land $2,300,000 634 Boston Post Rd Madison Retail 6,241 $3,075,000 1990 261 Orange St New Haven Multi-Family 8,904 $950,000 1900 1006 S Main St Plantsville Office 7,500 $315,000 1928 88 Easton Ave (Part of Multi-Property Sale) Waterbury Retail 2,132 $135,000 1924 227 Main St Portland Retail 5,107 $1,790,000 1990 655 Fitch St Hamden Multi-Family 50,155 $6,400,000 1973 34 Shunpike Rd Cromwell Retail (Neighborhood Center) 57,329 $5,214,750 1980 Vista View Drive Southbury Land $2,662,972 91 Main St Chester Office 5,287 $420,000 1975 2514 Boston Post Rd Guilford Office 1,012 $70,000 1986 32 Clinton Ave New Haven Multi-Family 7,136 $700,000 1900 652 Boston Post Rd Guilford Office 640 $100,000 1985 Here's a list of recent New Haven commercial properties that have sold. (Order based on sales date) By Greg Bordonaro West Haven apartments sell for $8.3M A 69-unit West Haven apartment property has sold for $8.3 million, according to the deal's broker. e Colonial Court and e Foundry apartments at 842 1st Ave., sold in May, according to Marcus & Millichap. e buyer was Colonial Foundry Ventures LLC, which is controlled by David Rosenberg of Brooklyn, New York, state records show. e seller was New York-based Paredim Partners LLC, records show. Eric Pentore, a Marcus & Millichap broker involved in the deal, said the West Haven apartment market has been active over the past year. "e West Haven apartment market has performed very well historically, and most especially over the past 9 to 12 months," he said. "e town benefits from its proximity to New Haven, Milford and Fairfield County." e property has 76,208 square feet of rentable space. Construction underway on Cambria Hotel in Elm City Construction has begun on the upscale, six- story, 130-room Cambria Hotel in New Haven. e hotel, which is being built at 20 Dwight St., is expected to open for guests next summer. Cambria is a brand franchised by Choice Hotels International Inc. Janis Cannon, senior vice president of Cambria Hotel, New Haven 302 Tuttle Road, Woodbury RENDERING | CONTRIBUTED location was previously a Guilford Savings Bank branch. Frank Hird and Phil Marshall of O,R&L Commercial in Branford represented the seller, Davis Realty LLC, while Tim McNamara and Brian Knowles of Sullivan Hayes in Farmington represented the buyer. Woodbury apartments sell for $13.5M A 106-unit apartment complex in Woodbury has sold for $13.5 million. e Woodbury Knoll apartment complex at 302 Tuttle Road was purchased earlier this year by Woodbury Partners Limited Partnership, which is controlled by Yechezkel Landau and Shlomo Tress of Lakewood, New Jersey. e seller was Woodbury Knoll LLC. e 10-building property was originally built in 1966 but was renovated in 2003, according to CoStar. e property sits on 23.33 acres. New Haven apartments sell for $2.8M A New Haven mixed-use apartment building has sold for $2.8 million, city records show. e approximately 20,000-square-foot property at 1409 Chapel St. sold in April. It contains 26 apartment units. e buyer was ECR 1 LLC, which is controlled by Yonah Schwartz of New Haven. e seller was 1411 Chapel Street Associates LLC, which is controlled by R. Kenneth Barclay of Darien, city records show. e property sits on 0.23 acres, was built in 1900 and has 26 surface parking spaces. n SOURCE | COSTAR

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