Hartford Business Journal

12 Hartford Business Journal • February 1, 2016 www.HartfordBusiness.com WEDNESDAY FEB 24 7:45 A.M. - 10:00 A.M. TOWN & COUNTY CLUB TICKETS $65 Ticket price includes continental breakfast. Free on-site parking. 22 Woodland St, Hartford, CT 06105 Thank you to our generous sponsors: Don't miss out, register now! lootscoutcrowdfunding.eventbrite.com MEET THE EXPERT PANELISTS William W. Bouton III, Attorney and Partner, Hinckley Allen He has extensive experience handling mergers, acquisitions and securities law issues. David Benoit, Co-Founder, Wearable Labs Raised over $100,000 on Kickstarter and $4 million from angel investors. Omar Rada, Co-Founder, Misen (Pending) Raised over $1 million on Kickstarter. INVITED CT Dept. of Banking, Securities & Business Investments Division. Anthony Price, Founder, LootScout He is a small-business finance expert and entrepreneur. Fredrick McKinney, Ph.D. Earned a Ph.D. in economics from Yale University. The newest way to raise money is here: Crowdfunding. Our experts have raised millions. Learn how they did it, and how you can, too. P.O. Box 2468, New Britain, CT 06050 800.969.3837 nteriors.com Summer, Fall, Winter, Spring Keep your exterior colorful and festive year round with our exterior seasonal program! indoor / outdoor plantscapes • holiday decor American Freight Furniture bows in S. Windsor A merican Freight Furniture and Mat- tress has opened its second central Connecticut discount warehouse store in South Windsor. Set to debut last Friday, the 22,000-square- foot store at 1315 John Fitch Blvd. — formerly home to Nassau Furniture — stocks a wide selection of furniture and bedding picked up from factory closeouts, retailer buyouts, dealer cancellations and others, according to the 22-year-old Delaware, Ohio, retailer's homepage. The South Windsor location will employ up to 10 workers, spokeswoman Lauren Flem- ing said. Bryant Horton is the store's manager. American Freight's other Connecticut store is at 1930 Silas Deane Highway in Rocky Hill. The retailer has 118 stores nationwide. "We are open-minded about opening more stores in Connecticut," Fleming said via email. "We may look to open one more store, but not sure about the location." AI's Hfd. project on hold Middletown engineer-developer Abul Islam has put a hold on his ambitious plan to erect a 48-unit, 10-story apartment/ retail building on the former Broadcast House site in downtown Hartford's Con- stitution Plaza. "I wouldn't say dead,'' AI Engineers Inc. General Counsel Michael Patenaude said in response to a query about the pre- viously estimated $17.7 million project's status. "The project is still there. We are working on it.'' Patenaude blamed greater-than-expect- ed financing and construction costs for indefinitely sidelining the development. He said Islam and officials with the Cap- ital Region Development Authority agreed that the quasi-public agency's previous fund- ing commitment for $4.2 million toward development of the apartment tower would be distributed to other regional develop- ment projects. However, the door remains open for Islam to renew his funding request, Patenaude said. AI Engineers officials were due to meet with Hartford's mayor late last week, he said, to discuss options for the 0.55-acre site at 200 State St. The city had pledged nearly $1 million to the project. Among the project options, Paten- aude said, is continuing with the original apartment development plan for the site, or possibly erecting a dormitory to house UConn or other college students down- town. UConn is moving its West Hartford campus to downtown in 2017. In addition, University of St. Joseph and Capital Community College have center-city campuses, and, eventually, so will Trinity College, which bought and is renovating the former Travelers Educa- tion Building in Constitution Plaza. Islam in December 2008 originally aired his plan for a $40 million, 13-story office tower to house his and other busi- nesses, plus retail. A year later, he submit- ted revised plans calling for a 15-story, $53 million primarily residential tower that would add 195 affordable and market- rate rental units in the heart of downtown. E. Windsor price cut A vacant industrial building for sale in East Windsor is still on the market but at a reduced price of $649,000, down from $750,000, brokers say. The 17,680-square-foot building on 1.84 acres at 54 Newberry Road has a 1,000- amp power supply, and a combination ground-level and dock-height door. Hartford's Sentry Commercial is listing broker. N. England Scaffolding renews New England Scaffolding Inc. renewed its 10,000-square-foot industrial lease at 522 Cottage Grove Road in Bloomfield. Kinneret Associates L.P. owns the 64,000-square-foot industrial complex on 22.3 acres. Sentry Commercial was sole broker. Cutter adds Vernon space Municipal construction manager-gener- al contractor Cutter Enterprises LLC has expanded into Vernon Industrial Place, to house a new business venture. Cutter now occupies 12,000 square feet of the six-acre multi-tenant industrial facil- ity at 77 Industrial Park Road. Details about Cutter's new venture could not be immedi- ately obtained. Cutter's construction management and general contracting operations remain housed just down the road, at 105 Indus- trial Park Road. The Mel-Pet Realty Co. owns Vernon Industrial Place. Sentry Commercial was the sole bro- ker in this transaction. n Deal Watch wants to hear from you. E-mail it, along with contact informa- tion to: gseay@HartfordBusiness.com. Gregory Seay is the Hartford Business Journal News Editor. Gregory Seay DEAL WATCH 522 Cottage Grove Road, Bloomfield. P H O T O | C O N T R I B U T E D P H O T O | H B J F I L E Former Broadcast House site downtown.

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