RMS Cos. President and CEO Randy Salvatore is arguably the most impactful real estate developer in Hartford.
Salvatore completed a 270-unit apartment building next to Dunkin’ Park in 2022, and is just beginning work on the second of several additional multifamily properties that will add about 1,000 market-rate units around the minor league baseball stadium.
In November, Salvatore paid $3.8 million for the 12.7-acre former Rensselaer Polytechnic Institute campus, located just north of the baseball stadium. He is seeking the city’s approval to redevelop the site in multiple phases. The first $125-million phase, spread over 3 acres, would add 473 apartments in two buildings, and a 507-space garage.
Meanwhile, Salvatore is partnered in a plan to redevelop the faltering Hilton Hotel in downtown Hartford. A renovation of the 12th through 22nd floors into 147 apartments is nearing completion.
Salvatore is also preparing for a large-scale renovation of the iconic 124-room Goodwin Hotel, a project he expects to launch around the close of this year.