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8 HARTFORDBUSINESS.COM | MAY 15, 2023 DEAL WATCH: BUYERS & SELLERS Berlin's Steele Center taking shape, with two more buildings under construction D evelopers are framing out the next phases of the Steele Center mixed-use apartment project in Berlin. Tony Valenti and Mark Lovely of Southington-based Lovely Develop- ment and Newport Realty are building The Steele Center, a $17-million, 75,000-square-foot commercial and residential development that will bring 70 market-rate apartments and several commercial storefronts to the Kensington Village area. The buildings at 10 and 29 Steele Blvd. are starting to take shape. The 10 Steele project is a 1.5-story building with 7,900 square feet of commercial space on the first floor, and four apartments above. Valenti said he expects the units will be ready for occupancy by year-end. Nearby, at 29 Steele Blvd., will be a free-standing building with a 1,650-square-foot commercial spot and patio space. The foundations for both buildings have been poured, and steel framing is next. Meantime, remediation work on 55 Steele Blvd., a planned freestanding apartment building with 50 market- rate units, is set to begin in May or June. A 16-unit mixed-use apartment building at 9 Steele Blvd. is finished and fully leased. A sketch of 10 Steele Blvd., in Berlin. WETHERSFIELD The founder of Young Phar- maceuticals recently bought a Wethersfield building hosting his dermatological product development company's administrative offices. John Kulesza, founder and pres- ident of Young Pharmaceuticals, recently paid $1.77 million for a 12,347-square-foot office building on nearly 1.4 acres at 2144 Berlin Turnpike. Kulesza said the two-story, masonry building hosts adminis- trative and back-office functions for his pharmaceutical company. Computer repair company Compu- Tech Inc. also leases a portion of the building. Young Pharmaceuticals is a few months away from opening a new, 20,000-square-foot building on Progress Drive, which will include room for executive offices. ROCKY HILL A Massachusetts man is looking to build a family entertainment center in the former Porter & Chester Institute site in Rocky Hill, complete with a trampoline park, arcade, rope course and other adventure activities. The application by Jun Zhang of Fall River, Mass., for the facility at 30 Waterchase Drive, was approved by the town Planning and Zoning Commission. Fun City Adventure Park will occupy about 57,000 square feet on the property, and is "a family-oriented entertainment center that includes trampolines, arcades, rope courses, play- grounds, children's rock climbing, ninja courses, foam pits, battle beams," and more, Zhang said in the application. The Porter & Chester Institute, which teaches technical and professional courses for career training, closed its Rocky Hill location in October 2022. MERIDEN A local construction company could be breaking ground this spring on a 24-unit multifamily development on a Main Street property near Hanover Road and the Quinnipiac River in Meriden. Rincon Holdings LLC and prin- cipal Joseph Larosa of Meriden- based Larosa Family Associates is planning to build three new residential buildings totaling nearly 14,400 square feet at 33 Main St. Two buildings would have nine units each and one would have six. The 3.4-acre property currently contains a commer- cial building, which would be demolished to make room for the new development. BUSINESS Banking to a Different Beat www.WindsorFederal.com 860.688.8511 When You Do Business With Windsor Federal, You Get The Home Court Advantage The Only Community Bank Headquartered in Hartford County ….. Since 1936! Local Decision- Making Quick Turnaround and… We Answer to You!