Hartford Business Journal

the first 62 townhomes and the office-to- apartment conversion in early 2027. The office conversion is expected to take about 18 months. Townhouse construction could stretch over two to three years, depending largely on buyer demand and the pace of sales, Massimino said. Financing for the first phase is already in place through national private lender Ascent Developer Solutions. MB has not yet launched a formal marketing campaign for the town- homes, but Massimino said he has spent significant time speaking with brokers and gauging potential demand. "We are fairly confident this product will be readily received," he said. Plans also call for reusing an existing parking garage and refurbishing and reopening a day-care building. About HARTFORDBUSINESS.COM | SEPTEMBER 21, 2026 25 FOCUS | CONSTRUCTION & DESIGN © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing ™ is a division of BlueScope Buildings North America, Inc. www.borghesibuilding.com | 860.482.7613 2155 East Main Street, Torrington, CT 06790 e Best Compliment is a Repeat Customer FEATURED: ADAM EQUIPMENT "Building Ideas that Work" ORIGINAL 2016 REFRESHED 2026 BUILT FOR LONG LIFE AND LOW MAINTENANCE. REALISTIC. PRACTICAL. could accommodate significantly more development and that he is open to a range of uses, including cultural or institutional attractions. In 2023, the state Bond Commission authorized CRDA to potentially use $16.6 million in previously allocated funding to support the project. "What we were primarily planning on is residential," Salvatore said. "My guess is that it will be primarily residential, but what else can go in there or goes in there, I think, is to be determined." Salvatore said he expects RMS to first complete the 286-unit North Crossing phase, followed by the rede- velopment of the former data center and the Rensselaer campus. The company would then return to the final North Crossing site, a nearly 1.5-acre collection of adjoining lots west of the ballpark that is currently used for parking. RMS has considered the prop- erty for a grocery store, although Salva- tore said it could accommodate other uses, including additional apartments. The overall development timeline could change if another opportunity emerges. "If a grocery store or some use like that emerges tomorrow, we jump right in and can get going on that as well," Salvatore said. He estimated that developing North Crossing and the nearby Rensselaer campus could take another 10 years. The pace will depend on market demand, financing, construction costs and RMS' ability to secure incentives through the city and state agencies. Salvatore said his vision is not simply to add housing but to create a mix of uses that generates activity throughout the neighborhood. "What we want to do is really activate these areas," he said. "People living in places activate areas. Commu- nity retail activates areas. A hotel activates areas." Michael Massimino Dormant Enfield corporate office campus set for nearly 500-unit residential redevelopment By Michael Puffer mpuffer@hartfordbusiness.com A former corporate office campus on Enfield's northern edge is poised for a roughly $150 million transformation into nearly 500 apartments and townhomes. Branford-based MB Financial paid $3.99 million in May 2025 for the vacant, 65.5-acre former MassMutual campus at 100 Bright Meadow Blvd. The real estate development firm has since secured town approval for a master plan that would turn the property into a large residential community with retail and other commercial amenities. The approved plan calls for converting an existing four-story, 475,551-square- foot office building into 178 apartments, constructing a five-story building with 129 apartments and developing 157 for-sale townhomes. MB Financial Presi- dent and CEO Michael Massimino is now seeking permission to increase the townhouse count to 180, which would bring the development's total number of housing units to 487. The additional units would allow MB to build smaller, more affordable town- homes, Massimino said. The units are expected to range from about 1,500 to 2,400 square feet, with most featuring three bedrooms and two-and-a-half bathrooms. Prices are currently esti- mated to range from about $499,000 to more than $600,000. Phased buildout The redevelopment is expected to unfold in phases over roughly five years, giving the market time to absorb the new housing, Massimino said. He hopes to begin large-scale site work later this year, followed by construction of Continued on next page

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