89 replies to this topic

[beerbeer]

New York Times article

http://www.nytimes.c...onnecticut.html

It pegs the number of apartments for CCP at 193.

[The Voice of Reason]

Very good article with tons of info.

This kind of piece in the Times used to be very common back in the late 80's early 90's, so its good to see a fresh one.  Hopefully this entices a few more NY area developers to look at Hartford as a viable development market.

193 works for me!

and its interesting to have martin Kenney quoted.

I truely hope he gives it a go again soon.

With Hollander2 and the plaza apartments, clearly you have to see what's officially being built before you invest your own money, but I like that he is stepping up again soon.

please god let it be something besides 101-111 pearl, since I think if marketed together those buildings will attract a ton of potential bidders, and I am greedy as hell and I want 4 residential projects not 3

[The Voice of Reason]

http://www.hartfordb...ist.php?RF_ITEM[]=LookupCode$0@113;ArticleType

120 one-bedroom units averaging 700 square feet
60, 450-square-foot studio apartments;
13  two-bedroom and two-story loft-style dwellings averaging 900 to 1,200 square feet, Ravetz said Tuesday.

He said rents ranging from $900 monthly at the low end to $2,400 at the upper should be affordable to attract enough singles and couples to the development. Occupancy would begin by the second-quarter of 2013.

Amenities will include a library, media center, health club and valet parking. A convenience store is possible as part of the 12,000 square feet designated for retail space, Ravetz said.


1st Q start to the conversion,.

So it seems funding is not at all an issue and just planning and permitting are the hurdles if even that.

I like the unit break down.
only 13 larger units that likely have killer river views.  I suspect that in a nice 2 story unit with 1200 SF and a good view there are plenty that would pay 2400 per month.  you pay that much at H-21 and Sage Allen without the views.


12000 SF of retail is not a heck of a lot, but in this part of town there is not really any base to build off of.  I wonder how much of that will be plaza level and how much street level.

Edited by The Voice of Reason, 09 August 2011 - 10:53 AM.

[beerbeer]

I would imagine the retail would be a dry cleaner and a small deli or grocer, something intended for the residents of the building.

[The Voice of Reason]

beerbeer, on 09 August 2011 - 11:44 AM, said:

I would imagine the retail would be a dry cleaner and a small deli or grocer, something intended for the residents of the building.

A coffee shop would work too now that I think about it.  With Spris closed, and with the offices near by, it might do well

[The Voice of Reason]

The apartments are on the planning agenda according to the e-mail I got with the agenda.

199 units is the official count.  not a surprise at all since that number has been quoted a few times recently.

I can not find any renderings online, but cross key is the architect.  I did remind myself of the old 101 pearl renderings while on their site


good to see this moving through planning!!!

[The Voice of Reason]

moving through planning...

this project is at the historical comission now.  not sure what for, but i'm sure its to change historic use to a new use, aka  hotel to housing.

still looking good though.

its very interesting that this is moving along and AI is a hole in the ground, travelers is for sale, and now the rest of the plaza is for sale.   the entire complex will have changed hands in the last few years.



lets hope this project is replicated at some of the other buildings where possible.

[HartfordTycoon]

The Voice of Reason, on 18 March 2012 - 08:55 PM, said:

moving through planning...

this project is at the historical comission now.  not sure what for, but i'm sure its to change historic use to a new use, aka  hotel to housing.

still looking good though.

its very interesting that this is moving along and AI is a hole in the ground, travelers is for sale, and now the rest of the plaza is for sale.   the entire complex will have changed hands in the last few years.



lets hope this project is replicated at some of the other buildings where possible.

I read they are actually applying for Historic Status for the modernist design of the building. I don't know how much merit that designation would have but if they can get that why not go for it? It will allow them to apply for Historic Tax Credits in order to help finance the project.

[The Voice of Reason]

I think they got it.   the hotel on the plaza is considered historical as a style.  I mean its not classical, but it is a snapshot of an era

Edited by The Voice of Reason, 05 April 2012 - 07:46 PM.

[Luca Brasi]

Any building over 50 years old can apply... and yes they did get it.