Hartford Business Journal

26 HARTFORDBUSINESS.COM | JUNE 30, 2025 POWE R 25 | RE AL ESTATE Carl Kuehner III C arl Kuehner III, chairman of family-owned Building and Land Technology, is one of Stamford's most prominent developers, having transformed the city's South End over the years. In 2008, Building and Land Tech- nology bought an ambitious Harbor Point development project from Antares Investment Partners that, to this day, involves redeveloping 80 acres in the city's once industrial South End. So far, the mixed-use waterfront development includes residential housing, office and retail spaces, parks, and a boardwalk. Last year, BLT, headquartered at 100 Washington Blvd., and New York- based hotel management company MCR Hotels closed a $632 million refinancing on a portfolio of 53 hotels totaling 5,958 rooms that they co-own across the United States. In 2023, Stamford's Zoning Board approved the company's plan to convert its former Stamford head- quarters, at 100 Elmcroft Road, into 256 apartments. According to BLT's website, the company's portfolio includes over 4,000 units of Class A apartments in three markets, 6 million square feet of office space, and over 50 hotels. According to a 2013 Stamford Advo- cate article, Kuehner — who grew up in New Canaan, where his father Carl Kuehner Jr. was a housing developer — keeps a relatively low public profile, rarely granting media interviews. The article described him as a hard-charging developer. Michael Freimuth, current head of the Capital Region Development Authority and Stamford's former economic development chief, told the Advocate in 2013 Kuehner is "tough, tenacious, determined. He's one of those guys who gets in and gets things done." David Genovese D avid Genovese has put his mark on Darien's downtown, having developed a dozen properties in the quaint business district since founding Baywater Properties in 2001. Most notably, the Darien native is redefining seven acres between Interstate 95 and the train station by building the Corbin District, a large mixed-use development that will feature apartments, storefronts and more than 100,000 square feet of office space. His other downtown devel- opments include 1020 Boston Post Road, a 28,000-square-foot, two-story mixed-use devel- opment; 745 Post Road, an 18,000-square-foot, three-story building with luxury apartments; and 36 Old Kings Highway South, a two-story medical office building with 17,000 square feet of rentable space, according to the company's website. His company also owns three commercial properties in Stamford, two in Norwalk and one in Wilton. Genovese founded Baywater Properties following a 12-year career in real estate invest- ment banking in New York and London. That included serving as co-head of real estate invest- ment banking for Credit Suisse First Boston. Previously, he also served as a managing director in Bankers Trust Co.'s real estate invest- ment banking group. Genovese, who earned an MBA from The Wharton School at The University of Pennsylvania, is currently the president of the Fairfield/ Westchester chapter of the Real Estate Finance Association of Connecticut. TOTAL PROJECT SIZE: 25,000 SF Building For Your Success ABLE COIL BOLTON, CT For over 55 years, metal buildings have been a staple of PDS. For this project, we were tasked by Able Coil to build a new state of the art pre-engineered metal office building and renovate their existing 20,000 square foot building into a new manufacturing facility in Bolton CT. Complete with multiple new offices and several specialty rooms, the exterior finish is a multifaceted design complete with Nichiha Vintage Cement siding and ACM paneling, full length store front windows and stone veneer. Structural upgrades to the existing building were necessary to bring it up to code and to support the new solar panel system. With in-house engineering, PDS can design the right building to fit your budget and timeline. SPOTLIGHT ON: PRE-ENGINEERED METAL BUILDINGS 107 Old Windsor Road, Bloomfield, CT 06002 | 860.242.8586 | pdsec.com THINK • PLAN • BUILD CONSTRUCTING EXCELLENCE Carl Kuehner III is chairman of family-owned Building and Land Technology, which developed Harbor Point in Stamford (shown above), a mixed-use waterfront development. PHOTO | COSTAR

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