4 Hartford Business Journal • August 29, 2016 www.HartfordBusiness.com
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Hartford's Apt. Market
Mark September 14 th on your calendar for the
20th Anniversary of 40 Under Forty
'BLACK TIE & BLUE JEANS' EVENT
Cool things just stand the test of time.
20th
ANNIVERSARY
1997-2
0
16
JOIN US as we honor the 2016 class of winners and celebrate the 40 Under Forty legacy!
WEDNESDAY, SEPTEMBER 14TH, 2016
5 pm -9 pm ; CT CONV ENTION C ENTER | HA RTFORD
Individual and Table Pricing Available For tickets, contact Keleigh Hickey at khickey@HartfordBusiness.com
or 860-236-9998 ext. 137 or go to HartfordBusiness.com and click on "our Events"
Come out for an energized evening of excitement and networking. Show your support for the future of our region
while you connect with past classmates and engage with the present class of 40 Under Forty winners.
Contact Kaleigh Hickey, Events Coordinator at 860-236-9998 x137 or email khickey@HartfordBusiness.com
for details on your special alumni ticket pricing. Whether you are a former winner or not,
this is one memorable 'reunion' you won't want to miss! Hurry, seating is limited!
A Special Call-Out to All Former 40 Under Forty Winners!
Attend the event and enter to
Win Two
Round-Trip Tickets
to Dublin, Ireland
Compliments of
Aer Lingus
Proceeds to benefit Junior
Achievement of Southwest
New England
What
to
wear?
Go
to
HartfordBusiness.com/
40underForty
to
view
our
fashion
board
with
styles
from
Costanzo
Clothiers
#HBJ40U40
Presenting Sponsors: Event Sponsors:
Education Leadership Sponsor:
Media Sponsor:
In Association With: In Partnership With:
Presented By:
EVENT & TRAVEL PARTNERS
Event Partners:
EYEWITNESS
EYEWITNESS
NEWS
NEWS
Proceeds
to Benefit:
of WFSB-TV, Channel 3
Hosted By Emcees:
40 Under Forty Almuni,
Dennis House
Class of 2003
Kara Sundlun
Class of 2006
of three communities totaling 489 units in
Glastonbury, Rocky Hill and South Windsor.
"Hartford's doing very well right now,'' Nollet-
ti said. "It's a very desirable place for investing.''
One reason may be that the earliest batch
of Hartford office-to-apartment conversions
and new construction have had little difficulty
drawing tenants, minimizing the need to lower
rents or offer move-in discounts, observers say.
According to Michael Freimuth, executive
director of the Capital Region Development
Authority, all the housing deals it financed are
outpacing its early occupancy projections.
777 Main has its 285 units more than 90
percent full. Twenty-three, or 87 percent, of
The Grand's 26 units are occupied; 179 Allyn
St.'s 63 apartments are full; 193-unit Spectra
Boutique Apartments overlooking Constitu-
tion Plaza, too, is full.
Even 121-unit Front Street Lofts, which
opened last fall, is nearly full, Freimuth said.
Apartment construction also continues in
mid-town and downtown Hartford, namely
the conversion of the former Hartford Office
Supply building on Capitol Avenue into
112 units.
Also, the 72-unit conversion of the for-
mer Capewell Horse Nails factory is headed
toward its scheduled yearend completion.
"By design, we identified 2016 as an
absorption year and didn't bring new build-
ings on line,'' Freimuth said via email.
"By the end of the year however, over 200
more units will be ready for leasing,'' he wrote,
"and three additional projects are or will be
in construction adding another 164. We con-
tinue to entertain additional applications
for projects targeting to be ready for 2018 in
the downtown and are now evaluating some
neighborhood efforts as well." n
The Spectra Boutique Apartments overlooking down-
town's Constitution Plaza claims full occupancy.
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