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10 HARTFORDBUSINESS.COM | JULY 10, 2023 Building Ideas That Work... Building Ideas That Work... Contact us at 860.482.7613 or visit us at BorghesiBuilding.com 2155 East Main Street Torrington, Connecticut 06790 © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing ™ is a division of BlueScope Buildings North America, Inc. Borghesi Building & Engineering Co., Inc. will guide you in defining your project goals, help analyze your prospective property and provide a realistic budget. For more than 80 years, Borghesi Building & Engineering Co., Inc. has provided quality and reliability with design and energy efficient construction. With an attractive design, it presents to your customers a comfortable relaxing environment to help promote sales. You will appreciate the quality your facility presents. FUJI PLAZA, TORRINGTON MEN'S WEARHOUSE, WEST SIMSBURY WALGREENS, TORRINGTON Philadelphia-based Pennrose and The Cloud Co., of Hartford, are trying to finalize financing for an estimated $45.35 million conversion of former state office buildings at 18-20 and 30 Trinity St., into 108 apartments and a restaurant. New Jersey-based The Michaels Organization has pitched a plan to redevelop a 2.8-acre parking lot south of Hartford's Bushnell Park into a $100 million development containing 233 apartments and several townhomes. CRDA Executive Director Michael Freimuth said the conditions outlined in the district mirror a tax-fixing agreement the city already granted to Spinnaker for the ongoing 55 Elm St. project. The agreement is intended to keep yearly taxes around $2,000 per apartment unit rather than the $3,000 to $4,000 developers might otherwise pay, he said. This allows developers to dedicate more project income to larger mort- gages, paving the way for bigger projects and less public subsidy, Freimuth said. An outline of The Michaels Organization's $100 million mixed-use residential development planned for a 2.8-acre parking lot south of Hartford's Bushnell Park.