Media Kit
Talk to us

News : Real Estate Oct 31, 2012 - 2:10:41 PM

Hartford mayor applauds CHFA's selection of developers

By Hartford Mayor Pedro E. Segarra's office

Font size: Small Big
Email this article
 Printer friendly page
Share this article:
facebook Yahoo! MyWeb Digg reddit Furl Blinklist Spurl
Buy the "As seen on" mug
Hartford Mayor Pedro E. Segarra announced today that Lewis/Pearl Street Ventures, a local team comprised of developers Sanford Cloud, Jr., Alan Lazowski, Timothy Henkel, Sr. and Martin J. Kenny, has been selected by the CHFA Board of Directors as the preferred developers for 95-101 and 111 Pearl Street.

“I want to thank the CHFA Board, including Chairperson Catherine Smith and President and Executive Director Chatman, and staff from the City’s Department of Development Services, especially Thom Deller, for their diligence and oversight throughout the selection process. These two properties have quite a history – both good and bad – and the tact and skill that they’ve demonstrated is a breath of fresh air. Again, while this represents a terrific step forward for Downtown Hartford, there is still much to be done before we see a shovel in the ground. Nevertheless, coupled with the Intermodal Triangle project that’s scheduled to break ground in early 2014, significant development designed to generate greater vibrancy and excitement throughout the Capital City is just on the horizon,” said Mayor Segarra.

While negotiations are still ongoing, this estimated $40 million dollar development could include 91 total apartments and 15,000 square feet of service, retail and entertainment space at 95-101 Pearl Street and 121 units and 9,500 square feet of retail space at 111 Pearl Street.

Pending finalization of development discussions, Mayor Segarra is prepared to submit a resolution to the Court of Common Council that would extend the tax fixing agreement on Trumbull on the Park for an additional three years and the adjacent garage for an additional 8 years. Moreover, a 15-year tax fixing agreement on the two newly constructed buildings will also be included in the Mayor’s resolution.

© Copyright by Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of, Stamford Plus magazine, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar.

[an error occurred while processing this directive]

Note: We reserve the right to delete posts at any time if we decide that they are offensive or distasteful.
Western Connecticut Health Network Expands Structural Heart Program
Stamford High School Achieves International Baccalaureate World School Status Approved to Offer Diploma Program
SilverSource golf outing raises funds to protect vulnerable seriors from eviction and support the Ride To Wellness Program
Webster Bank hires Colin Gillespie as SVP of brand marketing
With Gratitude, Fairfield County’s Community Foundation Honors Donors Enthusiasm and Dedication Abound at Annual Spring Luncheon

Top of Page
 is part of the Canaiden Online Media Network.
Stamford Plus Online | Norwalk Plus Online | | Best of Norwalk | Best of Stamford | Hauterfly Magazine |

Copyright ©2005-2010 Canaiden,LLC All Rights Reserved.