Hartford Business Journal

BIZ BRIEFS Tel: (860) 236-9998 | Fax: (860) 570-2493 Copyright 2020. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O Box 330 Congers, NY 10920-9894 Peter Stanton | CEO, pstanton@nebusinessmedia.com Tom Curtin | President, ext. 124, tcurtin@hartfordbusiness.com Subscriptions Annual subscriptions are $132.00. To subscribe, visit HartfordBusiness.com, email circulation@ hartfordbusiness.com, or call (845) 267-3008. Advertising For advertising information, please call (860) 236-9998. Please address all correspondence to: Hartford Business Journal, 100 Allyn Street, Suite 3, Hartford, CT 06103 Stay Connected For breaking and daily Greater Hartford business news go to: www.HartfordBusiness.com HBJ on Twitter: @HartfordBiz HBJ on Facebook: www.facebook.com/HartfordBiz HBJ on Linkedln:www.linkedin.com/company/the-Hart- ford-Business-Journal Daily e-newsletters: HBJ Today, CT Morning Blend: www.hartfordbusiness.com/enewsletters Hartford Business Journal (ISSN 1083-5245) is published bi-weekly, 27x per year — including two special issues in November and December — by New England Business Media, LLC, 100 Allyn Street, Suite 3, Hartford, CT 06103. Periodicals postage paid at Hartford, CT and at additional entry points. Editorial Greg Bordonaro | Editor, ext. 139 gbordonaro@hartfordbusiness.com Drew Larson | Web Editor, ext. 121 alarson@hartfordbusiness.com Michael Puffer | Staff Writer, ext. 145 mpuffer@hartfordbusiness.com Beats: Real Estate, Economic Development, Banking & Finance Hanna Snyder Gambini | Staff Writer hgambini@hartfordbusiness.com Beat: Economic Development Robert Storace | Staff Writer, ext. 127 rstorace@hartfordbusiness.com Beats: Health Care, Higher Education, Arts & Culture Skyler Frazer | Staff Writer, ext. 145 sfrazer@hartfordbusiness.com Beats: Manufacturing, Cannabis, Technology, Transportation Stephanie R. Meagher | Lead Researcher Heide Martin | Research Assistant Steve Laschever | Photographer Business Tom Curtin | Publisher, ext. 124, tcurtin@hartfordbusiness.com David Hartley | Senior Accounts Manager, ext. 130, dhartley@HartfordBusiness.com Daniel Schilke | Senior Accounts Manager, ext. 135, dschilke@HartfordBusiness.com Emily Paskind | Senior Accounts Manager, ext. 133, epaskind@hartfordbusiness.com Tracy Rodwill | Human Resources Manager trodwill@nebusinessmedia.com Production Bartosz Zinowko | Production Director, ext. 147 bzinowko@hartfordbusiness.com HARTFORDBUSINESS.COM | NOVEMBER 24, 2022 5 Sally's Apizza coming to Newington as part of large-scale, mixed-use development on Berlin Turnpike A Framingham, Mass., developer said it has begun construction on a 24-acre mixed-use development on the Berlin Turn- pike in Newington, next to existing Best Buy and Raymour & Flanagan stores. Grossman Development plans to build 78,000 square feet of retail space, along with 269 luxury residential units, the company said. A company linked to Grossman Development acquired 10 acres at 3313-3333 Berlin Turnpike from Rocky River Realty Co., for $2.79 million. The project, called Meadow Commons, spans 24 acres. Grossman announced that it has leases with an unnamed national grocer, which will anchor the property, along with Sally's Apizza, Shake Shack, cookie shop Crumbl and PJ's Coffee. There is a Stew Leonard's store less than a third of a mile from the site. The housing is being developed by Criterion Development and will feature a fitness center, indoor garden and clubhouse. The first retail store is expected to open late summer 2023. RENDERING | CONTRIBUTED The Meadow Commons mixed-use development at 3313-3333 Berlin Turnpike, Newington. Upscale, amenity-rich Cambria Hotel opens near Evergreen Walk in South Windsor Cambria Hotel has opened its second location in Connecticut near the Promenade Shops at Evergreen Walk in South Windsor. The upscale hotel — with ameni- ties that include an indoor heated pool, outdoor patio with firepits, and rooms with LED lighting, Keurig coffee machines and spa-like bathrooms — is a brand of Choice Hotels International. The state's first Cambria Hotel opened in New Haven earlier this year. The 73,276-square-foot South Windsor location spans four stories with 108 rooms at 1000 Long Leaf Lane. One of CT's largest home-care companies sold Farmington-based Companions and Homemakers, one of the state's largest providers of in-home care, has sold its business to two separate companies. Companions and Homemakers has sold its private pay division to TheKey, a national home-care company with existing operations in Connecticut. Companions sold its Medicare business to Georgia-based Accord- Care, which operates Companions Forever LLC in Newington. Financial terms weren't disclosed. The sale of both divisions consti- tutes the entire Companions and Homemakers company, officials said. With commercial interest lacking, Colt Gateway developers seek to convert more space to apartments With commercial interest lagging in the redevelopment of the former Colt Firearms complex in Hartford, the Colt Gateway Partnership is leaning into the more successful residential sector with the creation of more apartments. Cambria Hotel in South Windsor. Larry Dooley is the developer of Hartford's Colt Gateway apartments, shown in background. HBJ FILE PHOTO The developer, led by Larry Dooley, has received local permits needed for the creation of 45 apartments in portions of two buildings, according to a brief by the Capital Region Development Authority. The Colt campus includes 10 buildings on a 17-acre campus on the southwestern edge of downtown Hartford. The CRDA has been asked to supply a $1.5-million loan to help pay the anticipated $6.7 million cost of the pending apartment conversion. Plans call for creation of 11 studio apartments, three one-bedroom apartments and two two-bedroom apartments in "Building L," along with one studio apartment and 28 one-bedroom apartments in "Building East." Construction is anticipated to last 12 to 15 months, according to CRDA. So far, Colt Gateway has 205 apartments in its mixed-use rede- velopment. As of about a year ago, about 60% of the space was set aside for commercial development, with the remainder as residential. CT biotech firm announces $50M public offering for development programs After going public in July 2021, biotech startup Rallybio Corp. is seeking to raise an additional $50 million. The company, which develops treatments for people with rare and severe diseases, expects the offering to close Nov. 15. Rallybio plans to use the money for development programs. The offering is in addition to nearly $93 million the company raised in its initial public offering last year. The company was founded by three former Alexion Pharmaceutical executives at UConn's Technology Incubation Program facility in Farm- ington. It moved to New Haven in 2020. Sage Allen Apartments in downtown Hartford complete after $9.1M conversion Officials recently cut the ribbon on the Sage Allen Apartments in down- town Hartford, a $9.1 million conver- sion of 42 rental townhouses into 89 units, mostly apartment flats but with a handful of loft-style units. A partnership of Martin J. Kenny of Lexington Partners LLC, landlord PHOTO | CONTRIBUTED

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