News: Owners Developers & Managers

Ceruzzi Holdings and Readco develop 25,000 s/f office for Hartford HealthCare

Rendering of Hartford HealthCare, 350 Liberty Street - Stonington, CT

Stonington, CT Ceruzzi Holdings LLC completed the purchase of four acres of land in conjunction with Readco, LLC. 

In August 2018, Ceruzzi and Readco received approvals for the development of a 25,000 s/f medical office building for Hartford HealthCare at 350 Liberty St. (Rte. 2), near the R.I. border. Construction of the facility commenced in September 2018 and is expected to be completed this summer.

“The Ceruzzi team is excited to be working together with Readco on this important property development for Hartford HealthCare,” said Art Hooper, president of Ceruzzi Properties. “This new facility will allow the healthcare organization to address the crucial health needs of residents and tenants within the surrounding area more effectively.”

“We are looking forward to moving into our new space in the Pawcatuck section of Stonington,” said Shawn Mawhiney, spokesman for Hartford HealthCare. “Ceruzzi and Readco are helping us build a modern, state-of-the-art health center that will include primary care, physical rehabilitation and specialty care, all services needed in the community. We are very pleased with the project’s progress thus far and are happy that this long-vacant property will be utilized in a positive way. It’s a very important development for patients, the town and surrounding communities.”

MORE FROM Owners Developers & Managers

Elm Grove Companies breaks ground on $20 million - The Rapids On Cocheco

Rochester, NH Real estate development firm, Elm Grove Companies, has started construction of The Rapids On Cocheco, an approved 52-unit workforce housing community at 29 Wadleigh Rd. This will be the company’s ninth venture in the affordable housing arena with other affordable properties in the state totaling 430 apartments
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

For decades, New England has had a summer-peaking power system, where the greatest energy use occurs on the hottest and most humid days, due to widespread use of air conditioning. But by the mid-2030s, electrification of the heating sector likely will result in a winter peak that’s higher than the summer peak.
IREM President’s Message: Fostering community connections during the holiday season

IREM President’s Message: Fostering community connections during the holiday season

The holidays are again taking center stage, and with them comes an opportunity for multifamily communities to connect with the businesses and organizations in their cities and towns, fostering a sense of unity and generosity during this giving season
Selecting the right façade installation firm - by Steven Powell

Selecting the right façade installation firm - by Steven Powell

As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact