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10 HARTFORDBUSINESS.COM | MAY 13, 2024 Deal Watch Fuss & O'Neill senior leaders stand in front of their future home, the Gold Building in downtown Hartford. (From left): VP and Marketing Dir. Kathy Nanowski, IT manager Krithiga Sridar, CEO and President Kevin Grigg, Sr. VP and Regional Manager Craig Lapinski, and Exec. Asst. Tatia Lewis-Hayes. HBJ PHOTO | STEVE LASCHEVER Next Chapter Marking 100-year anniversary, engineering firm Fuss & O'Neill will relocate HQ from Manchester to downtown Hartford Striking gold in downtown Fuss & O'Neill's relocation to downtown Hartford will provide a much-needed shot in the arm to the central business district, which continues to struggle with high office vacancies post-pandemic, an issue faced by many U.S. cities. According to brokerage firm Cushman & Wakefield's first quarter market report, about 36.3% of office space in Hartford's central business district is vacant. CBRE estimates the downtown vacancy rate at 22.6%. However, the Gold Building, also known as One Financial Plaza, has experienced a recent boost. The 26-story office tower recently signed three other new tenants, increasing its occupancy rate to 78%, according to Andrew Filler, a principal in Hartford with national commer- cial real estate firm Avison Young. Many of the new tenants are relocating from the suburbs, said Filler, who brokered the deals on behalf of the Gold Building. Other new tenants include: • Gordon Rees, a national law firm that signed a 14,000-square- foot lease and is relocating from Glastonbury. • CARMAC, the corporate office of Enterprise Rent-A-Car, which signed an 11,000-square-foot lease and is moving from Windsor Locks. • The Connecticut Health & Educational Facilities Authority, By Hanna Snyder Gambini hgambini@hartfordbusiness.com C ivil and environmental engi- neering firm Fuss & O'Neill is marking its 100-year anniver- sary in 2024, and it's making a big move to celebrate. The firm this fall will relocate from its longtime Manchester head- quarters, at 146 Hartford Road, to downtown Hartford, where it will occupy about 25,000 square feet in the Gold Building, said Fuss & O'Neill CEO Kevin Grigg. The firm over the past several years has made a conscious effort to relocate several of its New England offices to more urban- ized areas, a trend that's been adopted by other companies to make it easier "to attract and retain employees, particularly early- to mid-career professionals, because I think they just find urban areas more convenient and exciting," Grigg said. Urban locations offer easy highway access and bring engineers and senior project managers closer to clients, or within walking distance of meeting spots like restaurants, Grigg said. Fuss & O'Neill already has strong ties to Hartford. Since 1997, the firm has been a consultant to the city and is working as an engineer on the levee and flood control system. It also has done work for The Metro- politan District on various projects such as water main replacements, soil management and dam repairs; and Riverfront Recapture for the Hartford Riverwalk trail that connects Hartford and East Hartford to the Connecticut River. Fuss is also involved in Connecticut Children's ongoing campus expansion. Fuss & O'Neill Regional Manager Craig Lapinski said the current Manchester space is larger than the new office, but highly inefficient. The Manchester site is about 50,000 square feet split up between two buildings on multiple floors, with large cubicles and a lack of open, collaborative space. The firm is moving to half that amount of space in the Gold Building, which "has a really efficient footprint, it's a big rectangle, so we're able to do a lot more with less space," Lapinski said. The 621,900-square-foot, Class A Gold Building also gives Fuss & O'Neill space to spread out, with open collab- oration areas, conference rooms and private spaces for Zoom calls, he said. More than 160 employees will report to the new Hartford headquar- ters. Fuss & O'Neill has been on a growth spurt, expanding from 230 employees overall when Grigg joined the firm in 2012, to about 400 today. Fuss & O'Neill has 11 offices throughout New England and New York. "There's always the possibility that as you continue to grow you're going to need more space, whereas our spaces in Manchester are confined by the walls and ceilings there," Grigg said. So, the Gold Building "is a move that can accommodate future growth." Fuss & O'Neill has been offered up to $1 million in potential tax credits through the state's JobsCT tax rebate program, contingent upon the firm creating and retaining more than 70 new full-time jobs. The funding is not intended to support the relocation, and will only be provided if criteria is met in a few years, officials said. Andrew Filler