Hartford Business Journal

4 HARTFORDBUSINESS.COM | AUGUST 9, 2021 Windsor's luxury Preserve at Great Pond apartments sell for $63M The first apartments to debut in Windsor's long-awaited Great Pond mixed-use development have sold for $63 million. The Preserve at Great Pond, a newly-constructed, 230-unit luxury apartment complex, sold last month. The buyer was New York-based SRK Management Co. The seller was Fairfield residential developer Eastpointe LLC, which Biz Briefs Building For Your Success COUZENS, DOMINGOS, ALLEN & ASSOCIATES COUZENS, DOMINGOS, ALLEN & ASSOCIATES AMERIPRISE FINANCIAL SERVICES, LLC AMERIPRISE FINANCIAL SERVICES, LLC TOLLAND, CT TOLLAND, CT For this project, PDS served as a Design Build General Contractor completing a new 3,000 square offi ce building. Built to serve the fi nancial sector, this state of the art wood framed building is complete with vinyl siding, shingle roofi ng, wood windows and a cupola. The interior includes high end fi nishes, beautiful millwork, wood paneling, luxury vinyl tile, cherry wood doors and a kitchenette. PDS offers in-house disciplines of engineering from civil to mechanical to design to your budget and timeline. SPOTLIGHT ON: FINANCIAL 107 Old Windsor Road, Bloomfi eld, CT 06002 | 860.242.8586 | pdsec.com THINK • PLAN • BUILD TOTAL PROJECT SIZE: 3,000 SF Thank you to Couzens, Domingos, Allen & Associates and our outstanding partners who's commitment to excellence is unwavering: will boost the minimum wage to $15 an hour by 2023.The next minimum wage increase is scheduled for July 2022. CT picks Aflac to administer paid leave program; insurer will bring 150 jobs to Windsor Aflac Inc. has been selected to serve as the administrator of Connecticut's new paid leave program, a move expected to bring around 150 jobs to the Greater Hartford area when the Georgia- based insurer opens a new office in Windsor. State officials said the company was chosen through a competitive bidding process and cited Aflac's "strong reputation" and commitment to expanding its presence in Connecticut. Rallybio IPO raises nearly $93M New Haven-based biotech Rallybio, which was founded in Farmington and recently made its Wall Street debut, said it pulled in nearly $93 million in the IPO, which wrapped up Aug. 2. The rare disease startup founded by three former Alexion executives said it sold 7.13 million shares at $13 a share, bringing in roughly $92.7 million before discounts, commissions and expenses. The company put up 6.2 million shares in the offering, and underwriters exercised an option to buy another 930,000 shares at the offering price, Rallybio said. Its stock, which trades under the symbol RLYB, debuted at $14.92 on the Nasdaq. Rallybio plans to use proceeds from the IPO and an additional $128 million in cash it has on hand from private investment rounds to advance its drug candidates into human testing. Enko Chem researchers work out of the company's new Mystic headquarters, at 62 Maritime Drive. PHOTO | CONTRIBUTED Mystic-based agrotech company Enko said it has entered into a partnership with pharmaceutical industry giant Bayer to develop diverse chemistries for crop protection that could fight superweeds worldwide. Enko is a research and development startup in search of environmentally-friendly pest controls. Its researchers use machine learning technology to parse through gigantic datasets of known chemical reactions, to try to find compounds that are toxic to pests, but harmless to plant life and other organisms. CEO Jacqueline Heard said the partnership with Bayer calls for Enko to research molecules that could be used in a product to protect crops against superweeds, and for Bayer to work on the commercialization of any discoveries. handled The Preserve's buildout. The apartments began welcoming tenants at the end of 2019. The apartment development is part of Massachusetts-based Winstanley Enterprises LLC's broader Great Pond development plan in Windsor, which has gone through various iterations over the years. Travelers Cos. delays return to office as Delta infections rise Property and casualty insurer Travelers Cos. is pushing off plans to recall employees back to its offices in mid-September, citing concerns about the prevalence of more contagious coronavirus strains. "Throughout the pandemic, we've had no greater priority than the health and safety of our employees," a company spokesperson said. "In light of the uncertainty surrounding the Delta variant, we've decided to delay our formal return to the office plan by at least one month. We'll continue to monitor developments and guidance from federal and state health officials as we determine the best time for our broader return." Travelers, which is headquartered in New York City, has its largest offices in downtown Hartford. The insurer originally planned to recall workers around or shortly after Labor Day, which had emerged as an informal cutoff date for many companies' work-from-home options. The Preserve at Great Pond apartments. PHOTO | CONTRIBUTED

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