Hartford Business Journal

10 HARTFORDBUSINESS.COM | SEPTEMBER 18, 2023 DEAL WATCH: BUYERS & SELLERS Latest plan for former W. Hartford UConn campus reduces apartments, adds assisted living and townhouses T he development group that owns the former UConn campus in West Hartford is proposing 620 residential units in a plan that has vastly changed since it was first aired earlier this year. West Hartford 1 LLC in February proposed to transform the 57-acre former campus property along Asylum Avenue into a mixed-use development with 492 apartments, accom- panied by retail and restaurant space, a large medical office building and a grocery store. A revised plan reduces the number of apartments to 428, but adds 34 owner-occupied townhouses and a 158-unit assisted living facility. That's 620 residential units altogether. The latest plan also drops a medical office building and parking garage from the proposal. The ownership group behind West Hartford 1 LLC, which paid $2.75 million for the campus property in 2021, hasn't been totally clear. The limited liability company shares a West Hartford office with Dominion Realty Group, whose principal is Domenic Carpionato, a senior vice president with Rhode Island real estate development company Carpionato Group. The Rhode Island firm, however, is not involved in the project. A rendering of the planned mixed-use development at UConn's former West Hartford campus. NEW HAVEN Developers and city officials recently marked the progress of The Residences at Canal Place, a new $50 million, mixed-in- come project that will bring 176 apartments to New Haven's Science Park area. The five-story building will feature studio, one-, and two-bedroom apartments, with one-third, or 58 units, deemed affordable. The project, at 222 Canal St., borders the Dixwell and Newhallville neighborhoods, and is a prime location across from the Farmington Canal Trail, said developer Yves-Georges A. Joseph II, co-founder and principal of RJ Development and Advisors, along with Jason S. Rudnick. The project is a public-private partnership between the development team and New Haven, with $3 million in American Rescue Plan Act funds from the city, and work by the Local Initiatives Support Corp., a nonprofit community development financial institution. The apartment building sits on a long-va- cant 1.7-acre parcel known as the Science Park lot, and is bordered by Ashmun, Canal and Henry streets. Canal Place's first floor is nearly complete, and the entire project is expected to be complete within 18 months. WATERBURY A roughly 142,000-square-foot building that formerly housed the Waterbury Buckle Co. — one of the last vestiges of the city's once-mighty brass-working industry — is up for sale. The century-old, four-story building at 952 South Main St., was listed in late August with an asking price of $900,000. "It's in fair condition, but it will need some attention," said broker Ed Godin Jr., of Godin Property Brokers. "Once we get a better handle on the environmentals, I think it will go quickly. It's a lot of building for the money." The building and its grounds, which cover 5.4 acres, have undergone "significant" envi- ronmental remediation, said Godin, who has the listing alongside Cushman & Wakefield. Waterbury Buckle Co. was founded in 1853, and specialized in the production of small metal objects, including buckles, clasps and slides. It employed 500 people by the mid-1930s and became a major supplier to the U.S. military during World War II. By the 1980s, the workforce had declined by more than half. In 1998, Waterbury Buckle was acquired by Illinois Tool Works Inc., which shuttered the Waterbury building 14 years later, as it consolidated production to other facilities. WINDSOR A 78,500-square-foot Windsor shopping center anchored by a Stop & Shop has sold for $19 million. New Jersey-based First National Realty Partners announced its recent purchase of "Windsor Court," adding to its national port- folio of grocery-anchored shopping centers. Stop & Shop has anchored the plaza at 1095 Kennedy Road for 30 years, and currently occupies 64,195 square feet. The grocery chain recently added a micro-fulfill- ment center to the Windsor location for its home-delivery service. Other tenants in the 11.65-acre plaza include AT&T, Windsor Court Wine, Great Clips and Edible Arrangements. Founded in 2015, First National owns 58 plazas nationally, including three in Connecticut, according to its website. MANCHESTER The owner of a Manchester logistics warehouse has won approvals for an almost 80,000-square-foot facility expansion. Hartford-based custom-packaging manufacturer The Champlin Co. wants to expand its iHUB Packaging & Logistics facility at 151 Batson Drive, in Manchester, to nearly double the existing building's 97,000-square-foot capacity. The company uses the 9.6-acre property as a warehouse to handle packing and logistics for aerospace, manufacturing and industrial clients. The addition will be attached to the existing building via a small connection walkway. The company said a majority of the new interior space will be used for warehousing. RENDERING | CONTRIBUTED Home Sales Here's a list of recently sold luxury homes in Connecticut. Sale price Address Town Baths Beds Square footage Days on market $2,292,000 35 Middle Beach Road Madison 4 8 4,165 109 $1,950,000 19 Cobtail Way Simsbury 8 7 5,251 6 $1,725,000 34 Northmoor Road West Hartford 5 5 5,210 11 $1,700,000 7 Wentworth Park Farmington 6 5 6,784 0 $1,700,000 36 Old Stone Crossing West Hartford 7 5 6,958 95 $1,625,000 4 Atwater Terrace Farmington 6 5 7,471 42 $1,500,000 43 Far Hills Drive Avon 7 5 8,451 6 $1,475,000 19 Creamery Lane Madison 5 4 5,013 17 $1,451,750 6 High Island Branford 3 4 1,867 2 $1,335,000 57 Fallview Drive Glastonbury 4 3 3,310 3 $1,309,999 5 Sunny Reach Drive West Hartford 5 4 3,965 4 Credit: Data provided by Evan L. Berman of William Raveis Broder Team. Contact him at evan@brodergroup.com.

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