NewHavenBIZ

28 n e w h a v e n B I Z | O c t o b e r 2 0 2 1 | n e w h a v e n b i z . c o m W h a t ' s T h e D e a l ? By Greg Bordonaro Meriden hotel, eyed for apartment redevelopment, sells for $5.6M Property Address City Property Type Sale Price Building SF Year Built What's Sold 3 Pomperaug Office Park Southbury Office $1,250,000 20,242 1986 582 Ferry St New Haven Multi-Family $295,000 3,200 1920 100 Lansdale Ave Milford Multi-Family (Strip Center) $9,000,000 43,634 1991 355 Sackett Point Rd North Haven Industrial $170,000 2,000 1987 53 Coe Ave Meriden Specialty $395,000 4,615 1953 295 Cook Ave Meriden Retail $240,000 3,500 229 Montowese St Branford Office 3,404 1910 1351 Whalley Ave New Haven Retail (Strip Center) $2,250,000 10,534 2003 347 State St (Part of Portfolio) North Haven Industrial $5,161,860 53,158 1988 Here's a list of recent New Haven commercial properties that have sold. (Order based on sales date) A former hotel site in Meriden that has been eyed for an apartment redevelopment has sold for $5.6 million, city records show. e 150-room Baymont by Wyndham hotel property at 275 Re- search Parkway sold in late August. e buyer was New Haven developer Adam Haston, who earlier this year proposed a plan to redevelop the hotel into mostly micro-studio and one-bed- room apartments targeted at white-col- lar young professionals, according to the Record-Journal. e project would include 40,000 square feet of common-use amenities. e project's status is unclear. Meriden town officials didn't return repeated requests for comment. e Savings Bank of Danbury helped finance the purchase, city land records show. e seller was GIRI Meriden LLC, which is controlled by Ashish Sangani, who has a Quincy, Mass., business address, state records show. e hotel formerly held a Sheraton flag. It is no longer listed on the Bay- mont by Wyndham website. New Haven strip center, anchored by medical marijuana retailer, sells for 2.3M A New Haven strip mall on Whalley Avenue has traded hands for $2.3 million, city land records show. The 10,534-square-foot property at 1351 Whalley Ave., sold in late August, land records show. It's anchored by medical marijuna dispensary Affinity Health & Wellness, which opened there in 2019. The buyer was YBS Whalley LLC, which is controlled by Jack Yeung, who lists a business address in Southbury, state records show. The seller was 1351 Whalley Ave LLC, which is controlled by Thomas C. Kelleher. He lists a North Haven business address, state records show. The property was built in 2003, sits on 0.87 acres and has 45 surface parking spaces, according to CoStar. The property previously was home to a Tommy's Tanning salon, but that location is no longer open, according to the company's website. New Haven office building sells for $800K A New Haven office building has sold for $800,000, city land records show. e 8,142-square-foot property at 84 Norton St. traded hands on July 30. e buyer was Continuum Man- agement Corp., which is controlled by Patti Walker, who is the president and CEO of Continuum of Care Inc., a nonprofit mental healthcare provider. e seller was Hartford-based real estate development firm CIL Realty Inc., records show. e property sits on 0.38 acres, was built in 1900 and has six surface park- ing spaces, according to CoStar. Nonprofit Community Solutions Inc. signed a lease in the property in Sept. 2019, but terminated its lease there in July 2021, land records show. Old Saybrook retail/office building sells for $3M A recently renovated office/retail building on Main Street in Old Say- brook has sold for $3 million, town records show. e 7,302-square-foot Old Saybrook Center at 15-19 Main St. sold on Aug. 13, town records show. Property ten- ants include Berkshire Hathaway, Ben & Jerry's and Starbucks. e buyer was 231ST SRS LLC, which is controlled by Steven Straus, who has a Yonkers, New York business address, state records show. e seller was DCR1519 Main LLC, which is controlled by Daniel C. Rich- man of Pleasantville, New York, state records show. e property was built in 1940 but was renovated in 2016, according to CoStar. It sits on 0.21 acres and has 24 surface parking spaces. Fusco proposes 500-unit residential complex for Long Wharf A developer is proposing a new 500-unit residential complex on New Haven's Long Wharf Drive with hopes of creating a vibrant waterfront neigh- borhood at the gateway to the city. Veteran city developers Fusco Corp., which has its headquarters at the Maritime Center building at 555 Long Wharf, submitted a petition for a zon- ing amendment for three parcels along the water to allow for the project. e complex would rise on 4.3 acres between the Maritime Center and Ca- nal Dock Boathouse. Fusco is proposing two new build- ings, one 13 stories tall and one 15 stories, with 500 apartments in total. e apartments will range from studios to three-bedroom units. Each building would include a floor of parking with options for additional parking at the Maritime Center. Fusco is asking for zoning changes to allow for the two new buildings and expanded uses at the site, including a potential food market, outdoor dining and entertainment venues. e buildings would be environmen- tally certified and built to withstand storms and flooding, according to Fusco. One of the properties proposed for the complex has been home to a series of restaurants including Lenny & Joe's Fish Tale, Leon's and the Rusty Scupper. Lenny & Joe's closed last October citing the impact of the COVID-19 pandemic. Bank to open new branch in North Branford Guilford Savings Bank has leased a 2,483-square-foot building for a new branch in the Northford section of North Branford. 275 Research Parkway 555 Long Wharf Drive, New Haven 1409 Middletown Ave., North Branford

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