The developer of Wethersfield’s newest luxury apartment community, The Borden, says the project expects to receive on Oct. 1 official town approval for tenants to begin occupying the first 39 — 24 studio- and 15 one-bedroom — units on the Silas Deane Highway.
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The developer of Wethersfield’s newest luxury apartment community, The Borden, says the project expects to receive on Oct. 1 official town approval for tenants to begin occupying the first 39 — 24 studio- and 15 one-bedroom — units on the Silas Deane Highway.
Chris Reilly, president of Hartford’s Lexington Property Management LLC, an arm of area developer Martin Kenny’s Lexington Partners LLC, said early leasing of The Borden, 1160 Silas Deane Highway, has been slowed by ongoing construction tied mostly to the development’s second phase. Those 111 units, in a separate building, are set to debut in the first quarter of 2020, Reilly said.
In addition, the first-phase apartments haven’t gotten significant promotion to date because it wasn’t clear until recently when they’d be approved for occupancy, Kenny said.
Still, at least six of The Borden’s first-phase apartments have lease commitments, Reilly said. Monthly rents run from $1,150 to $1,390 for a studio apartment with a foldaway “Murphy Bed,” to $1,350 to $1,850 for a one-bedroom unit.
Meantime, The Borden’s 7,500 square feet of ground-floor commercial space in four-story phase one is accounted for, Reilly said. Dolan Dental Group occupies about half the space, and realty brokerage Berkshire Hathaway HomeServices New England Properties the rest.
Like many of the amenity-laden multifamily developments Kenny has done in Greater Hartford over the years, The Borden — a $30-mllion-plus project — will have its share.
The first building will feature an outdoor patio with grill area and a firepit, Reilly said. The second, five-story building will offer a rooftop lounge with elevator access; and a restaurant, among other comforts and retail services.
Lexington Partners’ fingerprints on apartment development spans much of Greater Hartford. Kenny built the 100-unit former Trumbull on the Park apartments in Hartford, now Spectra on the Park, at 100 Trumbull St. He’s also erected luxury apartments totaling more than 450 units in Bloomfield, Glastonbury and Windsor.
In West Hartford, he is underway with plans to convert a convent at Prospect and Park roads into a $60 million luxury apartment community, One Park Place. Construction is slated to begin by 2020.
Kenny, too, is a partner with Hartford parking magnate Alan Lazowski and New York landlord Shelbourne Global LLC in the proposed $100 million makeover of downtown Hartford’s Pratt Street commercial corridor.
Kenny has been an active area developer since the early 1980s. Aside from Spectra-Park and proposed One Park Place, his other other recognizable luxury multifamily developments include the 78-unit Mallory Ridge Apartments in Bloomfield; 250-unit The Tannery in Glastonbury; and the 130-unit Windsor Station Apartments.
