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8 HARTFORDBUSINESS.COM | NOVEMBER 17, 2025 DE AL WATCH | BUYERS & SELLERS Developer buys 164-acre Simsbury site for $6.25M, plans mixed-use 'Olympic village'-style project A 164-acre cluster of properties along Hopmeadow Street in Simsbury has sold for $6.25 million to local developer Adam Westhaver, who plans a 120-room Holiday Inn Express and a broader mixed-use "Olympic village"-style development. The parcels, sold by an affiliate of Indus Realty, include 54.2 acres at 1503 Hopmeadow St., just north of the International Skating Center of Connecticut, which Westhaver co-owns. Plans call for the hotel, athletics-oriented businesses, restaurants, retail and trails linking "New England village"-style buildings. Westhaver said the project represents an investment of "tens of millions" of dollars and could take up to a decade to complete. He's also weighing recreation, parkland or sports fields for the site's remaining 109.8 acres, which include former farmland with a high water table. This 164-acre cluster of Simsbury properties along Hopmeadow Street recently sold for $6.25 million. Photo | CoStar BRISTOL Bristol-based Carrier Construction Inc. has filed its first application to redevelop a former 15-acre brownfield site, at 894 Middle St., which it tentatively agreed to buy from the city in January for $625,000. The company plans to build up to seven industrial buildings totaling about 70,000 square feet in two phases over four years, creating a private business park for 26 to 46 tenants. Under its purchase agreement, Carrier will receive phased property tax abate- ments for up to seven years. The property, formerly home to a metal reclamation business, has been remediated but is unsuitable for residential use. NEW LONDON A Massachusetts real estate investor has purchased 136 apartments across New London for $17.4 million. Worces- ter-based Baystate Investment Fund acquired the portfolio from affiliates of Manhattan-based Sun Equity Partners through three separate transactions recorded Oct. 6. The deal includes the 96-unit Courtview Square Apartments on Crystal Avenue ($12.27 million), the 40-unit Harbortree Apartments on Oneco Avenue ($3.77 million), and a 12-unit building at 14 Bristol St. ($1.35 million). Baystate financed the acquisition with a $14.3 million mortgage from Norwich-based Dime Bank. WETHERSFIELD Hartford-based real estate firm Stay- point has acquired three properties along the busy Berlin Turnpike in Wethersfield, including two restaurant sites and an auto repair garage. Staypoint paid $925,000 for a 6,396-square-foot building at 1731 Berlin Turnpike that houses Hooters and a neigh- boring 1,296-square-foot garage at 1745 Berlin Turnpike. Staypoint CEO Joseph Sullo said the company plans to maintain the Hooters lease while considering rede- velopment options for the adjoining site. Staypoint also paid $1.2 million for the former Carmen Anthony Fishhouse property at 1770 Berlin Turnpike, vacant for several years. Sullo said he is in talks with potential users but will demolish the building for new development if no deal is reached by spring. HARTFORD A Hartford developer is seeking approval to build a 27-unit townhouse community on a vacant 2.3-acre site at 91 Naugatuck St. in the city's Northeast neighborhood. The proposal, filed in September with the Planning and Zoning Commission, calls for six buildings containing 27 single-family, row house- style homes, each on its own lot. Toraal Development LLC, led by Albert Gary, submitted the plan with Freeman Companies as the engineering and design consultant. WindsorFederal.com | 860-688-8511 Healthcare Banking Program Windsor Federal Bank's Healthcare Banking That Helps Your Practice And Your Community Practice knowledge and experience Business expansion loans, including leasehold improvements Practice acquisition financing, including tenant improvements Real estate financing Equipment financing Partner buy-in/buy-out loans Equipment financing Working capital Relationships with organizations that can help your practice: Increase revenue, improve cash flow, and lower expenses Reduce administrative time Utilize an enhanced recruiting and hiring process Looking To Expand or Acquire? We Can Offer: Scan to learn more!