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Randy Salvatore
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2021 Power 25 Real Estate: Randy Salvatore
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After years of delay and anticipation, construction on Downtown North s mixed-use redevelopment near Dunkin’ Donuts Park is showing signs of progress, and now the developer is eyeing the project’s next phase.
Stamford-based developer RMS Cos. broke ground on DoNo’s first phase last October, and has already completed construction of the 330-space parking garage.
In an interview with Hartford Business Journal Monday, RMS CEO and President Randy Salvatore said foundation work has now begun on the $50-million project’s 270 apartment units, which should be completed about a year from now.
The goal is to have tenants moving into the apartments located on Parcel C along Main Street in early 2022. It will take up to two years, he said, to fully lease the units.