Issue link: https://nebusinessmedia.uberflip.com/i/1465380
19 HARTFORDBUSINESS.COM | APRIL 25, 2022 When it comes to the financial resources you need to build your business, we offer a full range of commercial lending and cash management solutions to help take your business to the next level of success. $10,330,000 Land Development Loan Acquisition, Site Development Cheshire, CT $12,500,000 Term Loans for Vehicle Fleet Leasing Company Meriden, CT $6,000,000 Construction to Permanent Loan Mixed Use Building Wilton, CT TM Best Small Bank in Connecticut Small Business Cash Management Auto Body Shop Central Connecticut Investment Sweep Services Regional Non-Profit Tolland County IonBank.com • 203.729.4442 Member FDIC Equal Housing Lender Great Pond Village changes over time 2008 PLAN • 4,010 residential units • 768,000 square feet of office space • 85,000 square feet of retail space • Research and development and community space • Hotel 2022 PLAN • 865 housing units • 970,000 square feet of flex industrial space (light manufacturing, data center or research facilities) • 750,000-square-foot warehouse • 27,287 square feet of food and beverage space • 24,000 square feet of retail space • 21,900 square feet of commercial space • 9,000 square feet for a clubhouse • 7,292 square feet for a convenience store • 2,316 square feet for a car wash Source: Winstanley Enterprises Evolving plans Plans for development within Great Pond Village have changed considerably over the long run-up to construction. Winstanley said market shifts prompted a big reduction in residential density and the addition of industrial space. In 2008, the master plan called for 4,010 residential units, 85,000 square feet of retail space and 768,000 square feet of office space in addition to research and development and community spaces and a hotel. Now, the plan's main components include 865 housing units, 970,000 square feet of flex industrial space and 750,000 square feet of warehouse space. There will also be much smaller footprints for food and beverage, commercial, retail, car wash, convenience store and clubhouse spaces. Adam Winstanley said his company has spent $7.5 million fostering Great Pond through planning and permitting over 14 years. "This kind of development is not for the faint of heart," Winstanley said. "This is a long journey. It's extremely capital intensive and time intensive." GREAT POND MASTER PLAN