2 HARTFORDBUSINESS.COM | DECEMBER 1, 2025
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Hartford Business Journal (ISSN 1083-5245) is published
bi-weekly, 27x per year — including two special issues in
November and December — by New England Business Media,
LLC, 100 Allyn Street, Suite 3, Hartford, CT 06103.
Periodicals postage paid at Hartford, CT and at additional entry points.
discussions with the bank continue.
Despite the legal challenges,
Shelbourne remains active in Hart-
ford, including a $42.6 million plan
to convert part of the former Fuller
Brush factory into 153 apartments,
and a separate effort to redevelop 242
Trumbull St. into student housing.
PURA rejects Eversource's
$2.4B Aquarion sale
Connecticut regulators unani-
mously rejected Eversource Ener-
gy's proposed $2.4 billion sale of
Aquarion Water Co. to the newly
created Aquarion Water Authority,
saying the deal failed state standards
for managerial suitability.
PURA said the nonprofit structure
created unworkable governance
conflicts with the Regional Water
Authority, which would have operated
alongside AWA, and noted signif-
icant rate disparities between the
two systems.
While PURA found the buyer finan-
cially and technically capable, every
municipal intervenor opposed the
sale, raising concerns about reduced
oversight, higher rates and an imprac-
tical governance model.
matured in December 2024 and was
not repaid, according to the complaint
filed in Hartford Superior Court.
The action adds to ongoing fore-
closure cases involving Shelbourne's
properties at 20 Church St. and 350
Church St. The company said weak
leasing activity and broader commer-
cial real estate pressures have made
it difficult to sell 330 Main St. at a
price that satisfies the lender, and
Major Hartford real estate
investor faces third office
building foreclosure
Shelbourne Global Solutions is facing
a third foreclosure case in downtown
Hartford after TD Bank filed suit
alleging the firm defaulted on a $2.15
million loan tied to the office building at
330 Main St. The loan, issued in 2019,
The Hartford office building at 330 Main St. Photo | CoStar
The Hartford's CEO Chris Swift. Contributed Photo
Return of the bishops? Insurance CEO
Swift convenes corporate leaders to
craft unified vision for Hartford's future
A
previously quiet group of Greater Hartford corporate
executives that has been meeting for months to
discuss the city's future is publicly revealing itself
— and formalizing its work under the leadership of The Hart-
ford's Chairman and CEO Christopher Swift.
Swift recently announced the creation of a "Vision
Committee," bringing together senior leaders from some
of the region's largest employers and institutions to develop
a coordinated plan for Hartford's long-term growth.
The group's existence was first reported by HBJ in
August, when several executives — including Travelers'
Andy Bessette — confirmed they were meeting privately
to examine major development priorities but declined to
provide details.
The group has hired Streetsense — a national urban-
strategy firm — to assess downtown's economic conditions,
infrastructure gaps and redevelopment opportunities. A
formal vision and execution plan is expected by late spring.
