The city of Hartford the city is seeking proposals for property it owns a block to the northwest of Dunkin' Donuts Park, aiming to further strengthen the connection between downtown and Hartford’s North End.
Hartford city councilors advance downtown parking lot fee hike proposal hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.
Hartford city councilors on Wednesday advanced a measure that would impose major fee hikes on downtown parking lot operators, despite fervent opposition from major center-city investors, and Mayor Luke Bronin, who called the policy misguided.
Members of a city council subcommittee voted 6-0 with Councilor Shirly Surgeon abstaining to put the measure on the full council s Jan. 25 meeting agenda with a favorable recommendation for passage. But city councilors added the caveat that the higher fees will not kick in until Jan. 1, 2022, rather than immediately.
The proposed measure which updates a 2002 ordinance would increase the biennial permit fees the city charges downtown parking-lot operators from a maximum of $1,000 per parking lot to as much as $28,900 or more, depending on the number of spaces in a particular lot.
Parking magnate Alan Lazowski has acquired a 50% ownership stake in four large Class A apartment buildings in downtown Hartford.
Lazowski, head of LAZ Parking and LAZ Investments, partnered with longtime realty development partner Marty Kenny to purchase the stake from Jeffrey Ravetz of New York-based Girona Ventures.
The deal includes Spectra Plaza at 5 Constitution Plaza, Spectra Pearl Main at 101 and 111 Pearl St., and Spectra Park at 100 Trumbull St., which contain a combined 554 mostly market-rate apartment units.
Financial terms of the ownership shake-up were not disclosed, but Lazowski said that Joseph Klaynberg will maintain his 50% stake in the properties, three of which were 90% leased or higher as of November, according to data from the Capital Region Development Authority, which has financed apartment conversions at the properties over the past nine years.
New renderings give glimpse into bunker suites, concourse improvements planned for $100M XL Center arena renovation courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.