The former Hoffman Summerwood senior housing community at 160 Simsbury Road in West Hartford, for which a Glastonbury-based developer received approval to convert to non-age-restricted multifamily housing with 108 units, recently sold for $17.5 million.
The former Hoffman Summerwood senior housing community at 160 Simsbury Road in West Hartford, for which a Glastonbury-based developer received approval to convert to non-age-restricted multifamily housing with 108 units, recently sold for $17.5 million.
According to town land records, owner Hebrew Life Choices Inc. sold the property to OP 160 Simsbury LLC on Nov. 13. OP 160 Simsbury LLC is controlled by real estate investment firm Oceanport Realty Capital LLC, which is based at 624 Hebron Ave. in Glastonbury.
Town Planner Todd Dumais did not immediately respond to a request for comment.
In May,
Oceanport Realty asked the Town Council to amend the Special Development District for the 9.9-acre Summerwood property to allow the existing building to be converted from age-restricted housing to standard multifamily apartments.
In June, following a public hearing earlier in the evening, the Town Council voted 7-2 to approve the amendment.
At the time the application was submitted, it described OP 160 Simsbury LLC as the “contract purchaser” of 160 Simsbury Road.
Summerwood — owned and operated by Hebrew Life Choices Inc., an affiliate of Hebrew Senior Care — announced in March it planned to close by this fall and sell the property. At the time, President and CEO Denise Peterson said the organization had a sale agreement in place, but she did not identify the buyer.
A narrative filed with the application said the Hoffman Summerwood and Henley Woods special development district covers two adjoining properties — the 9.9-acre Summerwood parcel and the 38.7-acre Henley Woods, a 64-unit age-restricted condominium complex. Summerwood includes a three-story, 108,159-square-foot building constructed in 2000 and expanded in 2008 to 108 units.
The approved amendment allows 46 additional parking spaces, bringing the total to 144, and permits building and site upgrades. The applicant said it will keep the building’s existing 108 one-, two- and three-bedroom units and retain the original architectural character, with only minor exterior changes, including replacing a service garage door with French doors leading to a new plaza and courtyard.
Eight percent of the units will be deed-restricted as affordable for 30 years, and the applicant said it may pursue Connecticut Housing Finance Authority funding to further increase the share of affordable units.
