Construction is underway on the final 32 condominiums in the eight-year-old Quaker Green development in West Hartford’s Elmwood section.
Workers are wrapping up the exterior cladding and continuing interior work on the 32 condominiums in the last three-story building being erected on the southeast corner of the 11-acre community at the intersection of South Quaker Lane and New Britain Avenue.
Quaker Green opened in 2006 on grounds that were once part of the old Talcott Junior High School, later headquarters for former toymaker Coleco Inc.
Quaker Green also is significant because its presence helped stake further development in the Elmood neighborhood, including the opening of a Stop & Shop and other retail in the nearby Elmwood Plaza, on Newington Road.
“We’re finally onto the last building,” said Gregg Smolev, sales director for GDC Homes, of Valhalla, N.Y.
Currently, Quaker Green has 52 condos in two buildings — one of which was the high school-Coleco office building — and 64 attached townhouses. All are occupied, except for three furnished models on the site, Smolev said.
The newest condos are priced from $199,900 for a one-bedroom unit, to $209,900 to $300,000 for two-bedroom units.
Quaker Green’s common amenities, including pool, fitness center and club room, are in place.
Occupancy for the first units in the final condo building is set for April.
GDC Homes, a division of Ginsburg Development Co. in Valhalla, N.Y., is its own project contractor.
In Bloomfield, GDC Homes has sold the last luxury home in The Greens At Gillette Ridge, across from Cigna’s campus, Smolev said.
The Greens has 168 homes originally priced from $400,000 to $1 million.
• • •
Liberty’s Hamden office
Middletown lender Liberty Bank is soon opening another New Haven County branch, this time in Hamden.
The $3 billion-asset savings bank recently won approval from state bank regulators for a satellite deposit-loan office in a new mixed-use development at 2518 Whitney Ave.
The bank signed a lease with landlord 2518 Whitney LLC for 2,400 square feet plus a drive-thru banking lane.
The Liberty Bank space of 2,400 square feet plus drive through will be opening soon.
Press/Cuozzo Commercial Services represented the landlord. MNBarr Commercial Real Estate represented Liberty.
To date, 185-year-old Liberty has 48 Connecticut branches.
• • •
Meriden news offices sold
The owner of Valentin Karate School bought a newspaper’s vacant office building at 75 S. Colony St. in Meriden to house its martial-arts training activities.
Efrain Valentin bought the building from The Record-Journal Co., publisher of the Meriden Record-Journal, and plans to fully renovate it, brokers say. Sale price was undisclosed.
Naugatuck’s Ion Bank and Small Business Administration-lender Community Investment Corp. financed the purchase, said O,R & L Commercial LLC, the newspaper’s broker in the deal.
Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.
Greg Seay is the Hartford Business Journal News Editor.
