Commercial & Industrial

JLL: Apartments Planned for Norwalk Office Building
By James Sanna | April 14, 2025 | Reprints | Unlock LinkCommercial brokerage JLL claims a mostly-empty Norwalk office building is headed for a multifamily conversion.

From Corporate HQ to Self-Storage: Developer Pitches New Plan for Pepperidge Property
By James Sanna | April 11, 2025 | Reprints | Unlock LinkIt’s a real come-down for the prestige of 595 Westport Ave. in Norwalk, but a developer’s plan to convert the office-and-factory property to self-storage units will keep it active.

Old Saybrook Property With Hollywood Horror Past Heads to Auction
By Steve Adams | Commercial Record Staff | April 10, 2025 | Reprints | Unlock LinkAs expected, the 220 Middlesex Turnpike parcel’s size and location have generated interest from multiple developers. But it’s the property’s connection to an early 1970s horror movie that’s adding an extra layer of interest in the pending sale.

Norwalk Ex-Auto Body Sells for Potential Redevelopment
By James Sanna | April 7, 2025 | Reprints | Unlock LinkA three-quarter-acre parcel across the river from downtown Norwalk has traded hands for $1.8 million.

Investor Unloads West Hartford Multifamily Property for $6.34M
By James Sanna | March 31, 2025 | Reprints | Unlock LinkHartford parking magnate Alan Lazkowski has sold a West Hartford multifamily property to a pair of investors.

Diverse Workforces Drive Design Changes
By Steve Adams | Commercial Record Staff | March 27, 2025 | Reprints | Unlock LinkAfter studying psychology in college, Katherine Berger pursued architecture as a career but never lost her fascination with human behavior and its implications, which she now deploys as director of interior design at New Haven-based architects Svigals + Partners.

Convenience Store Chain Eyes Expansion in Connecticut
By Steve Adams | Commercial Record Staff | March 25, 2025 | Reprints | Unlock LinkA chain of gas station-sited convenience stores will open its 10th Connecticut location in Rocky Hill after inking a lease at 944 Cromwell Ave.

Prepping Hartford Ex-Power Plant for Housing Could Cost Up to $450M
By James Sanna | March 24, 2025 | Reprints | Unlock LinkA preliminary study of how Hartford could repurpose its old waste-to-energy plant along the Connecticut River says costs vary widely, depending on how and when it’s done, and what the goal is.

Greater Hartford Adding New Housing Far Faster than Nation
By Sam Minton | March 24, 2025 | Reprints | Unlock LinkNationally there’s a noteworthy downturn in multifamily construction. In the Hartford area, new data suggests just the opposite.

Northeast Homebuilder Confidence an Outlier Amid National Dip
By James Sanna | March 19, 2025 | Reprints | Unlock LinkNationwide homebuilder confidence hit the lowest level in seven months, according to the industry’s biggest trade group. But builders in the Northeast are notably more optimistic.

Storrs Development Site Acquired for Big Student Housing Project
By James Sanna | March 17, 2025 | Reprints | Unlock LinkA 1.56-acre site near the main University of Connecticut campus in Storrs could soon become home to over 700 students under plans announced by a Georgia housing developer.

Cheshire Orchard Sells for $3.2M
By James Sanna | March 13, 2025 | Reprints | Unlock LinkA popular Cheshire orchard is on track to re-open following its sale to a new operator.

Developer Wants to Replace Much of Simsbury Mall with Apartments
By James Sanna | March 12, 2025 | Reprints | Unlock LinkReal estate firm Northpath Investments has filed an application with Simsbury officials to replace much of the town’s Simsbury Commons shopping center with a multifamily development.

Trump Admin Halts $1B in Funding for Affordable Housing Upgrades
By Jesse Bedayn | The Associated Press | March 12, 2025 | Reprints | Unlock LinkThe Green and Resilient Retrofit Program pays for for energy-efficiency improvements, but those are often the centerpiece of larger renovations at decaying affordable housing complexes.

Hartford Lost Wealthy Renters as Nation Gained Them
By James Sanna | March 11, 2025 | Reprints | Unlock LinkMany U.S. metropolitan areas have seen wealthy renters take up a bigger piece of the rental market in recent years. But the Hartford area isn’t one of them.

Norwalk Developer Seeks Apartment, Hotel to Replace Fairfield Motel
By James Sanna | March 10, 2025 | Reprints | Unlock LinkA prominent but aging Fairfield motel near the town’s border with Bridgeport could get redeveloped into a mixed-use project if town officials approve.

NAHB: Higher Lumber Prices Still Likely Despite Trump’s Tariff Delays
By Christopher Rugaber, Josh Boak and Rob Gillies | The Associated Press | March 7, 2025 | Reprints | Unlock LinkPresident Donald Trump on Thursday postponed 25 percent tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout from a broader trade war.

Insurers Object to Lamont Climate Change Proposals
By Steve Adams | Commercial Record Staff | March 7, 2025 | Reprints | Unlock LinkResidential development in areas subject to flooding and coastal storm damage would be subject to new state reviews under proposed climate change legislation submitted by Gov. Ned Lamont.

13-Building Proposal Could Transform Westport Station Area
By James Sanna | March 6, 2025 | Reprints | Unlock LinkThe rundown commercial district next to Westport’s Metro-North train station could be in line for a near-total makeover if city officials approve it next week.

Trump’s 25 Percent Tariffs on Mexico, Canada Take Effect
By Zeke Miller, Josh Boak and Rob Gillies | The Associated Press | March 4, 2025 | Reprints | Unlock LinkPresident Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.