Nonprofit Hands On Hartford has begun conversion of the former Spaghetti Warehouse restaurant site into new offices in the city’s Parkville neighborhood.
Hands broke ground recently at 45-55 Bartholomew Ave. to recycle a pair of buildings cleared by the State Historic Preservation Council for inclusion on the state register of historic places.
The approximately $7 million project will cover 22,197 square feet on two floors of one of the buildings and include 13 apartments, plus space for neighborhood services, volunteer action center, job training, a café, staff offices and community-event space.
Completion is set for late this year.
Housing Enterprises is the project manager. Hartford’s Crosskey Architects is the designer. Naek Construction is contractor.
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Taymil’s new CT refiÂ
Massachusetts landlord Taymil Partners for the second time in a year refinanced one of its Hartford area apartment properties, this one for $3.5 million, financiers say.
Taymil Stonebridge Portfolio LLC got a new mortgage to fund capital improvements on its 80-unit Stonebridge Apartments, 159 Pinney St., in Ellington from Rhode Island lender Washington Trust, the lender says.Â
Built in 1980, Stonebridge has one-bedroom, garden-style apartments, averaging 614 square feet apiece.
The apartment property’s improvements will include upgrades to unit interiors and common areas and also installed will be new windows, sliding doors, appliances and countertops, updated roofing and paving and enhancements to the buildings plumbing and electric.
Stonebridge is the fifth Taymil property that Washington Trust says it has refinanced.Â
In March 2014, it refinanced Taymil’s 72-unit Manchester Green Apartments, 167 E. Center St., for $3.9 million, also for property capital improvements.
Taymil, based in Framingham, Mass., has 10 other Connecticut multifamily properties, including Arbor Commons, Pinney Brook, all in Ellington; and Fox Hill Commons in Vernon. Its other apartment holdings are in Massachusetts, Maine, New Hampshire and Rhode Island.
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$1.2M Meriden buy
Logan Steel recently paid $1.2 million for a 166,330-square-foot Meriden manufacturing-warehouse facility.
Atlas Container LLC sold the 12.4-acre property at 119 Empire Ave., a mile from the Berlin Turnpike/Route 5-15, where Logan reportedly plans to consolidate this spring operations of four of its Meriden-Wallingford area locations.
Realty broker-adviser Binswanger was sole broker in the sale.
Built in the mid-1960s with additions done in the 1990s, the single-story building has a wide-open layout, nearly 27-foot ceiling heights, heavy power and an active rail spur.
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The Residence bows
Resident move-in has started now that construction is finished on 80 assisted-living and memory-care units and facilities at The Residence at South Windsor Farms.
LCB Senior Living LLC, of Norwood, Mass., developed the 60,000-square-foot, three-story building at 200 Deming St. Residents began moving in March 1.
Congress Building Corp., of Peabody, Mass., was the contractor
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CRI’s Newington space
Nonprofit Community Residences Inc. has leased 25,500 square feet for its corporate and administrative offices at 50 Rockwell Road, Newington.
Reno Properties Group LLC was sole broker in the lease between tenant and landlord 50 Rockwell Road LLC.
CRI provides the state’s needy residents with housing, jobs and foster parent/adoption services.
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Glastonbury teardown
A 0.46-acre Glastonbury tract with a small house sold recently for $379,000 to make way for a new retail site, brokers say.
Buyer Ron Gattinella acquired 279 Hebron Ave. from sellers Edward P. Urbanski Jr.; and Francis Ann Juda, seller’s broker Pearce Real Estate said. Colliers International represented the buyer.
The owner plans to raze the building to prepare the site for a new retail facility, brokers said.n
Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.
Gregory Seay is the Hartford Business Journal News Editor.
