NewHavenBIZ

26 n e w h a v e n B I Z | D e c e m 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 ? Student apartment complex in Bridgeport sells for $11.1M A student apartment complex in Bridgeport that serves Sacred Heart University has sold for $11.1 million, city records show. e 44-unit Pioneer Garden apartment complex at 51 Eckart St., sold in November. It contains a mix of three- and four-bedroom apartments with 133 total beds. It was built in 2008. e buyer was 51 Eckart SHU LLC, which is controlled by CQM Fund III LLC of Stamford. e seller was Acorn I LLC, which is controlled by John L. Williams and Stephanie Stiefel Williams, state records show. Pioneer is a three-story building that sits on 1.64 acres, according to CoStar. — Greg Bordonaro Downtown New Haven office building sells for $8M A New Haven office building that was slated to be converted to apart- ments has sold for $8 million, proper- ty records show. e 106,865-square-foot property at 129 Church St., sold in October. e sellers were Jacob and Jo- sef Feldman, who earlier this year received city approval to convert the eight-story building into 92 mar- ket-rate apartments, according to the New Haven Independent. e buyer was View on the Green LLC, which is controlled by Shmuel Levitin, who has a New Haven busi- ness address, state records show. It's not clear how the sale will im- pact the proposed apartment conver- sion project. e Feldman brothers originally purchased the building in 2014 for $6.9 million, property records show. e property was built in 1900 and sits 0.33 acres, according to CoStar. — Greg Bordonaro Stratford industrial property sells for $8M A Stratford industrial property an- chored by Sunbelt Rentals has sold for $8 million, property records show. e 14,600-square-foot property at 85 Mead St., sold in September. e buyer was Agree Realty, a Michi- gan-based real estate investment trust. e seller was SHD SB Stratford LLC, which originally bought the property in 2014 for $1.3 million, records show. e property was built in 2015, sits on 1.67 acres and has 18 surface park- ing spaces, according to CoStar. — Greg Bordonaro New Haven planning commission OKs new apartment building across from Corsair Get ready for the latest amenity at new luxury rentals in New Haven: Enclosed office spaces in one- and two-bedroom apartments "to further the work-from-home trend as we emerge from the COVID-19 epidemic." ose are the words of Gregory Muc- cilli, the Shipman & Goodwin attorney representing Post Road Residential. e company's successful Corsair project on Upper State in New Haven has spawned a "cousin" project across the street at 1040 State, which went before the city's planning commission last month. Post Road plans to partially demolish and revamp an 1880s-era commercial building on the property to accommo- date a new six-story building for a total of 75 units. Other amenities: Four larger town- house units, a 1,470-square-foot roof deck and a solar array on the roof to reduce power consumption. In addition, 5% of the units will be "deeply affordable," with half going to those earning 50% of the area median income and the other half to those earning 30% of the median. "It's a cousin not a direct sibling to the project we designed across the street," said John McFadyen of Post Road. "I always saw this building as an opportunity," he said of the historic structure. e developers are negotiat- ing to buy a small piece of state land to add to the footprint. e City Plan Commission approved the site plan and coastal site plan unan- imously. — Liese Klein New Q House debuts in Elm City Amid much celebration and fanfare, officials recently cut the ceremonial ribbon on the new Dixwell Commu- nity House, known as the Q House, in New Haven. e 53,000-square-foot building at 197 Dixwell Ave., incorporates the Stetson Branch of the New Haven Free Public Library, the Dixwell/Newhallville Senior Center and Cornell Scott Hill Health Center. e community can also take advan- tage of the new building's fitness center, gymnasium, lounge for teenagers, com- puter room, recording studio, dance studio, art classroom and museum. Kenneth Boroson, of New Hav- en-based Kenneth Boroson Architects, was involved in designing the new building. — Liese Klein New England Brewing announces move to West Haven waterfront New England Brewing Co., long headquartered in Woodbridge, will move to the West Haven waterfront, the company and city officials announced. e cra brewer, maker of the pop- ular Sea Hag IPA, plans to build a new brewery, tap room and event space in the former Savin Rock Conference Cen- ter at 6 Rock St. Long unused and dilapidated, the conference center will be torn down and replaced by a 52,000-square-foot new building, said Marty Juliano, the brew- er's director of business development. NEBCO intends to expand its workforce from the current 32 to up to 100 employees in the new location, Juliano said. e new brewery expects to welcome at least 350,000 visitors a year, numbers based on estimates from similar tourism-oriented breweries in the state. Founded in South Norwalk, NEBCO moved to Woodbridge in 2002 and to its current location in 2013. e brewery had explored a move to River Street in New Haven, presenting its project to community groups and submitting plans for an 80,000-square foot facility to the city's development commission. However, competing plans from Jaigantic Studios for a movie-pro- duction facility on some of the same River Street property seemed to slow momentum. n 95 Barnes Rd., Wallingford PHOTOS/COSTAR 51 Eckart St., Bridgeport 129 Church St., New Haven 85 Mead St., Stratford Rendering of a new complex proposed at 1040 State St. in New Haven, across from the Corsair. An aerial view of the new Q House in New Haven. Marty Juliano (center), director of business development for New England Brewing Co., at a news conference announcing the brewer's move to West Haven.

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