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The first rental luxury apartment construction in six years in trendy West Hartford Center could test the upper limits of the area’s asking rents.
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As contractors build an elevator tower and indoor stairwell for a planned 107-unit apartment complex in downtown New Britain, developer Avner Krohn has another team demolishing the former Amato’s Toy shop next door as the site for another.
New Britain Mayor Erin Stewart and several city economic leaders attended a Wednesday afternoon ceremony celebrating the demolition of three downtown buildings -- including the former home of Amato's Toy and Hobby -- that will make way for a new mixed-use apartment development that will feature 114 residential units. The city began demolition of the Dakille, Amato’s and Liberty Tax buildings, which were decaying and sat at the corner of Main Street and Columbus Boulevard, city officials said.
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With more than 436 upscale apartments planned nearby, East Hartford plans to use part of a $10 million state grant to buy and demolish a decaying, long-blighted shopping plaza on Silver Lane.
East Hartford is gearing up for a multimillion-dollar effort to revitalize its dingy Silver Lane corridor by acquiring multiple large, dated and underperforming buildings for redevelopment. City officials are moving to adopt a strategic plan, developed under a $50,000 contract by East Hartford-based real estate advisors Gorman + York. The plan – which will be the subject of a public forum next Wednesday – seeks to stop the decline of the Silver Lane corridor