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2025

Spate of Hartford development projects look for new life in 2025

With the start of the New Year, several Hartford development and redevelopment projects could be moving forward or restarting.Meanwhile, another redevelopment in the city’s Parkville neighborhood is trying to overcome numerous challenges...
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$21M CT city apartment project would boost housing options around historic park. Amenities planned
A developer who is wrapping up the conversion of a historic building downtown into apartments is now turning to the next phase of the project: a $21 million addition. What's envisioned: A 4-story building over an above-ground parking garage...
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Spectra Construction, partners seek $7M CRDA loan for new 84-unit apartment building in Hartford
New York-based Spectra Construction and Development, and its partners, are seeking a low-interest loan of up to $7 million from the Capital Region Development Authority toward construction of a new 84-unit apartment building...
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Supported by strong demand/government incentives, multifamily riding high into 2025
Multifamily market experts foresee no letup in housing demand or development interest in 2025, at least under current conditions. Amanda Faroni-Sheehan, managing partner of Oxford Realty Group, said she expects continued strong demand...
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2024

Middletown spends $3M to add acre-sized property to large-scale riverfront redevelopment
The city of Middletown recently paid $3 million to add a nearly acre-sized property to a riverfront redevelopment site, with tentative plans mixing 277 multifamily units with a new parking structure, along with restaurant and retail spaces...
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Developer planning apartment conversion buys former United Way HQ in Hartford for $1.5M
Efforts to redevelop a 33,000-square-foot office building near the northern edge of Hartford’s Pope Park into 47 apartments are gaining momentum. The developer, New York-based Spectra Construction & Development, has purchased...
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2024 Power 25 Real Estate: Daniel Klaynberg, Matthew Levy & Evan Levy

Upstart developer Daniel Klaynberg has quickly made a name for himself in Hartford, where he and partners are involved in a number of key redevelopment projects. The latest is the potential redevelopment of a 33,000-square-foot...
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State Bond Commission approves $850M bonding package

The State Bond Commission, in its first meeting of the year, approved more than $850 million for dozens of projects across Connecticut Friday morning. The commission approved a total of $519.7 million in bond authorizations...
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United Way HQ building in Hartford slated for conversion to 47 apartments
A development team is planning to convert a 33,000-square-foot office building near the northern edge of Hartford’s Pope Park into 47 apartments.The Capital Region Development Authority is considering a request from Spectra...
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Apartment development around CT park set to boom. See the projects, what you might pay to live there
In 1990, downtown’s Parkview Hilton — so named for the park just across Ford Street — was demolished to make way for ill-fated redevelopment, leaving a vast parking lot as its legacy for more than three decades..
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2023

Seven CT development projects to watch in 2024. And why they matter to the region
Hartford is shaking off a bruising setback dealt by the pandemic, with momentum behind revitalization again picking up speed — some going so far as to say it is now poised to surpass levels prior to COVID-19...
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CT landlord who came under fire will not have total control over city-owned $30M development
A landlord, who came under fire this fall for inconsistent maintenance of apartments, will not be the sole developer of a critical property on one of Hartford’s most traveled thoroughfares, a project seen a key economic boost...
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Developers moving forward with $32.47M ground-up apartment development near Hartford City Hall
Partners rehabbing a former Hartford firehouse and shuttered municipal building into apartments are moving to launch an estimated $32.47 million construction of a new 126-unit residential building on surface parking lots near Hartford City Hall...
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Ample parking, ‘affordable luxury’ housing, public space on tap for downtown Middletown
The city revealed new details last week about the proposed Village at Riverside mixed-use development that stakeholders and others hope will finally reconnect Middletown to its riverfront. Public parking will be a huge component...
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2023 Power 25 Real Estate: Evan Levy, Daniel Klaynberg & Matthew Levy
Daniel Klaynberg, president of Spectra Construction and Development, learned the construction business at the side of his father, Joseph, a prominent developer in New York City and a partner in the transformation...
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Long-awaited housing, retail project expected to solve Middletown's parking woes
Plans for a block-sized housing, retail, event space and parking development in downtown Middletown intended to reconnect Main Street to Harbor Park and the Connecticut River, as well as solve the city’s parking problem...
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Conversion of century-old firehouse, office building in downtown Hartford blends historic with what’s new...
Two historic buildings in downtown Hartford now being converted to apartments won’t be among the largest residential projects the city has seen in the past decade’s development boom. But the partnership converting...
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Middletown close to sealing deal with developer on housing, retail, public parking downtown
The city is close to crafting an agreement with a Hartford developer to build a housing and retail development off Main Street in a public-private collaboration that would include municipal parking spots to replace those lost...
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One downtown Hartford apartment development launched in January, two more are on deck
Anticipated conversions of three former government buildings in Hartford into hundreds of new apartments are expected to get into full swing shortly as developers finalize financing and purchase buildings...
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Middletown garage to add 600 more spaces to accommodate increased development downtown
If all goes well, city officials are hoping to break ground on a sorely needed, multilevel municipal parking garage downtown sometime this spring. City officials have been meeting with stakeholders on a weekly basis to discuss the matter...
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Plan in place to transform a section of downtown Middletown

There is a plan to transform a section of downtown Middletown, with everything from retail to apartments.Right now, there is just a tunnel running under Route 9 connecting the riverfront to downtown Middletown...
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2022

Mixed-use complex with river views planned in downtown Middletown
The firm chosen to develop a three-parcel plot behind Main Street has laid out a preliminary concept for a multi-level housing and retail complex on three-and-a-half acres of downtown land that eventually...
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Hartford firm tapped to partner with Middletown to develop prized lots near river
The city has chosen a firm to be part of a public/private partnership to redevelop three parcels at the site of the former municipal garage near the Connecticut River. Mayor Ben Florsheim announced the city narrowed...
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Sons of prominent developer, lawyer take control of major downtown Hartford developments
Before he was 10, Daniel Klaynberg was spending a portion of his weekends answering phones in the Manhattan office of his father’s company, Wonder Works Construction. By the time he was 23, Daniel Klaynberg was helping lead construction...
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