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n e w h a v e n b i z . c o m | S e p t e m b e r 2 0 2 1 | n e w h a v e n B I Z 5 A r o u n d t h e R e g i o n Elm City marina sells for $1.6M A landlord-developer has bought the Quinnipiac River Marina properties for just over $1.6 million, with plans to expand. PGX Holdings LLC bought the site, which includes parcels at 289-315 and 318 Front St. in New Haven. e deal included six different parcels totaling 2.16 acres, encompassing a restau- rant, 9,579-square-foot office building, dry dock space, chandlery marine supply store, gas dock, more than 100 boat slips and parking. Two single-family homes were also included in the sale. e Geenty Group, Realtors of Branford, which first listed the property in 2019, served as sole broker in the deal. PGX Holdings plans to continue to expand on the groundwork laid by the previous owner, according to an announcement. B R I E F S BY THE NUMBERS $418 M The anticipated combined operator revenues from Connecticut's recently-sanctioned online gaming industry once the market matures, according to researchers with CTSharp. 31,847 The number of residents Connecticut added between 2010 and 2020, according to the U.S. Census Bureau. 9,400 The number of non-farm jobs added in Connecticut in July, according to the state Department of Labor. Mendel Paris of New Haven, a principal with PGX Holdings, indicated the company plans to keep the marina operations going. Paris, a developer whose company also recently bought the former Briarwood College campus in Southington, has spoken about increasing the number of tiny houses and floating tiny houses on the marina property, according to a press release issued by e Geenty Group. Paris' partner in PGX Holdings is Moises Grunblatt of Woodbridge. Great Oak Real Estate LLC and Quinnip- iac River Marina LLC were the sellers. Lisa Fitch, principal, ran the daily operations of the marina, which has regularly attracted boating enthusiasts, for the past decade. e marina has hosted the annual QRiverfest event, featuring performances, music and food. It is also home to the Streets Boat- house Smokehouse restaurant. According to e Geenty Group, the property attracted considerable interest while it was on the market, including from parties around the country interested in developments such as multifamily housing or a nightclub. However, under the new ownership, it will continue as a marina. EMCOR SERVICES NEW ENGLAND MECHANICAL We'll be there when you need us. With 50+ years of experience and more than 300 continuously trained, licensed, and certified facilities services technicians, we provide a wide range of building construction and facilities solutions across New England. COUNT ON NEMSI FOR: HVAC, Plumbing and Process Piping Design-Build Construction Electrical Services Energy Management Systems LEED Certification Programs Comprehensive Preventive Maintenance Programs 24/7/365 Emergency Response Call 860.871.1111 Toll Free 800.741.6367 Fax 866.481.3250 55 Gerber Road East, South Windsor, CT 06074 nemsi.com OFFICES IN Trumbull | New London | Palmer, MA | Albany, NY | Manchester, NH License #s: E1-0125666 • S1-302974 • P1-203519 • F1-10498 • SM1-192 • MC-1134 PHOTO | CONTRIBUTED Middletown-based MediTelecare offers its behavioral health services for residents of long- term care facilities on a variety of platforms. PHOTO | CONTRIBUTED A collage of images from the Quinnipiac River Marina site. Heart failure device startup raises $27M New Haven-area medical device startup CoRISMA MCS Systems Inc. said it has raised $27 million to advance its technology to treat heart failure patients. China Grand Pharmaceutical and Health Care Holdings Ltd., known as Grand Pharma, led the round and is taking a 22.2% equity interest stake in the company. e device, also called CoRisma, is an implanted transcatheter that features wirelessly powered mechanical circulation support, which the company says is cheaper and less invasive than current late-stage heart failure treatments. n

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