Issue link: https://nebusinessmedia.uberflip.com/i/1531685
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Peter Stanton | CEO, pstanton@nebusinessmedia.com Tom Curtin | President, ext. 124, tcurtin@hartfordbusiness.com Editorial Greg Bordonaro | Editor, ext. 139 gbordonaro@hartfordbusiness.com Drew Larson | Web Editor, ext. 121 alarson@hartfordbusiness.com Beat: Energy Michael Puffer | Staff Writer, ext. 145 mpuffer@hartfordbusiness.com Beats: Real Estate, Economic Development, Banking & Finance David Krechevsky | Staff Writer, ext. 702 davidk@hartfordbusiness.com Beats: Health Care, Bioscience Harriet Jones | Staff Writer, ext. 145 hjones@hartfordbusiness.com Beats: Manufacturing, Cannabis, Professional Services Stephanie R. Meagher | Research Director Heide Martin | Research Assistant Steve Laschever | Photographer Business Tom Curtin | Publisher, ext. 124, tcurtin@hartfordbusiness.com Jessica M. Quinn | Associate Publisher, ext. 137 jquinn@hartfordbusiness.com Emily Paskind | Senior Accounts Manager, ext. 133, epaskind@hartfordbusiness.com Dean Zappalorti | Senior Accounts Manager, ext. 101, deanz@hartfordbusiness.com Sadie Bride | Senior Accounts Manager, ext. 141, sbride@hartfordbusiness.com Tracy Rodwill | Human Resources Manager trodwill@nebusinessmedia.com Production Bartosz Zinowko | Production Director, ext. 147 bzinowko@hartfordbusiness.com CONTRIBUTED PHOTO PHOTO | COSTAR The Shoppes at Buckland Hills in Manchester. Major CT mall owner has $25.8M deal to buy struggling Buckland Hills mall in Manchester A nearly four-year foreclosure case involving The Shoppes at Buckland Hills mall in Manchester could be coming to a close. Following a recent auction of the roughly 1.3-million-square-foot indoor shopping center, a buyer has agreed to purchase the mall for $25.8 million, federal court records show. The buyers are New York-based Namdar Realty Group, Mason Asset Management and CH Capital Group, court records show. Namdar Realty Group has been an aggressive acquirer of strug- gling malls in the state, including the Meriden Mall, Enfield Square Mall, Crystal Mall in Waterford and Trumbull Mall. A purchase-and-sales agreement for the Buckland Hills mall was submitted to the U.S. District Court in Connecticut, where the foreclosure case has been litigated, on Dec. 31. A joint motion to approve the sale is awaiting court action. The Buckland Hills mall went into foreclosure on June 24, 2021, after its owners fell behind on payments to Wells Fargo Bank, the holder of its $130 million mortgage. The foreclosure came amid the pandemic, which exacerbated longer-term struggles faced by U.S. malls. Buckland Hills has lost some key anchor tenants in recent years such as Sears, which had occu- pied about 145,800 square feet of space, and Dick's Sporting Goods, which relocated in 2021 to a nearby Manchester retail plaza. The mall, which opened in 1990, has been in a court-ordered receiv- ership, managed by Spinoso Real Estate Group. Lamont announces $25M grant program to bolster CT supply chain companies The state has launched a new grant program to boost supply chain companies in Connecticut by helping them expand and increase production capacity. The $25 million Strategic Supply Chain Initiative, administered by the Department of Economic and Commu- nity Development (DECD), offers grants of $500,000 to $5 million that can be used to purchase machinery and equipment, add robotics and new technology to boost productivity and make infrastructure improvements, among other things. Priority will be given to companies in the state's core industries such as manufacturing, semiconductors, insurtech, fintech, life sciences, clean energy and information tech- nology, including artificial intelli- gence and quantum computing. Companies that receive grants will be required to provide at least a 50% match, or a 10% match if they're in a distressed municipality. Airline to launch nonstop service from Bradley to JFK International in NYC A new nonstop service will launch this spring connecting Bradley An artist's rendering of the Danbury Proton cancer therapy facility. $96M proton therapy cancer center in Danbury greenlit S tate health regulators have reached an agreement that will allow for the development of a second proton beam therapy center in Connecticut. The Office of Health Strategy said it negotiated the settlement agreement with Danbury Proton LLC to allow the organization to establish a $96 million proton therapy cancer center in Danbury. Proton beam therapy is a radiation treatment that delivers a precisely targeted beam of protons to disrupt and destroy tumor cells. While this type of cancer treatment is not yet available in Connecticut, Hartford HealthCare and Yale New Haven Health broke ground in October on their new, jointly owned $75 million proton therapy center in Wallingford, which is expected to open by the end of 2026. According to OHS, the agreement with Danbury Proton allows it to open and operate only a single treatment room. CONTRIBUTED A JetBlue airplane at Bradley International Airport. International Airport and John F. Kennedy International Airport in New York City. The service will be launched by JetBlue, begin on April 30, and operate daily, year-round, the Connecticut Airport Authority announced. "(JetBlue's) new service to JFK will not only quickly connect our passengers with New York City, it will also facilitate easy access to JetBlue's domestic and international network," said Kevin Dillon, execu- tive director of the CAA. JetBlue has been steadily expanding its routes in Connecticut, which has resulted in an increase of 35 additional weekly flights between Bradley and the airline's Florida destinations this winter, the CAA said. Additionally, in summer 2025, JetBlue will offer 30% more seats from Bradley than last summer.