News: Owners Developers & Managers

Cooper Church LLC/Elm Cooper LLC to redevelop parking lot at 85 Elm St. in New Haven

New Haven, CT A surface parking lot the city could never convince the owners of to fill with a garage, will now be developed into an apartment complex with a floor of extended-stay hotel rooms.

Attorney Caleb Hamel, representing David Kuperberg’s Cooper Church LLC/Elm Cooper LLC, pitched the 105-unit apartment complex with 21 hotel rooms, plus a two-level garage, to the members of the Downtown Wooster Square Community Management Team.

The construction at 85 Elm St. will be next to the former Union & New Haven Trust Co., an iconic building on a corner of Elm and Church Sts., that Kuiperberg converted to a 137-unit apartment building.

Opened last year, Hamel said The Union is 100% occupied.

Economic Development Administrator Matthew Nemerson told the management team that one of the goals of mayor Toni Harp’s administration was to have developers have such a good experience in the city that they would build more than one complex. Kuperberg took them up on that.

Nemerson said the parking, per agreement, will be for the Wells Fargo branch that is on the first floor of The Union. There will be a total of 57 parking spaces where 53 are required under the zoning regulations.

“We are very excited about it,” Nemerson said. 

The plan connects both buildings on the third floor where there will be amenities that can be shared by both complexes.

Hamel said there is a demand for hotel options that are longer than a week or two, but shorter than a rental arrangement. “A lot of people have seen a need for that sort of service,” Hamel said of the market.

Above the hotel, there will be five floors of apartments; 85 will be studios, 15 will be one-bedrooms with five 2-bedroom units. There will be a small lobby space on the first floor.

The management team also heard from Dr. Linda Mayes, director of the Yale Child Study Center, on plans for an $11 million renovation of 350 George St., a building formerly used by telecommunication companies. The renovation will allow the center, which now has three locations, to operate out of one facility. Mayes said the center, which provides behavioral and developmental health services for children up to 18 years of age, had more than 50,000 visits last year.  “The numbers are steadily going up. We are serving many more children and families,” she said. They are now located at 230 South Frontage Rd., 100 York St. and 40 Temple St.

It already has its parking plan approved, a hurdle for Yale properties. Bruce McCann, director of planning for the Yale School of Medicine, said staff will continue to use the current parking spaces assigned to them. He estimated the internal renovations will take 16 months to complete.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Brownfield redevelopment: Sometimes it’s not just about economic development - by George Naslas

Brownfield redevelopment: Sometimes it’s not just about economic development - by George Naslas

The redevelopment of brownfield sites is often associated with the revitalization of a property to bring it back into productive use, generate local tax revenue, and increase local employment. Redevelopment can also be part of a green or open space development, such as a riverwalk, park, or rail trail.
You can’t manage  what you don’t measure - by Jay O'Connor

You can’t manage what you don’t measure - by Jay O'Connor

Reasons to submeter electrical and HVAC Loads At standalone and multi-unit properties. As a property owner or manager, we all should understand the importance of managing costs, promoting conservation efforts, and maintaining compliance with regulations. Submetering is a powerful tool that can help you achieve these goals and more.

Capitalizing on next-gen electric vehicle  charging in New York/New England real estate - by Hooman Shahidi

Capitalizing on next-gen electric vehicle charging in New York/New England real estate - by Hooman Shahidi

For property owners and developers, tenant experience is everything. This means top-notch building amenities and technology integrations that match their lifestyle. As the electric vehicle (EV) industry grows, EV charging is at the top of their list of amenities.
The value of comfort: The workplace will never be as convenient as home, but it can be as comfortable - by Steve Hibbard

The value of comfort: The workplace will never be as convenient as home, but it can be as comfortable - by Steve Hibbard

In real estate construction and development, there are numerous balances struck between comfort and affordability. We all want the class A office space with artisanal trimmed offices, brilliant lighting, silent air systems, and the hilltop belvedere view from the executive suite. Everyone wants that coveted corner office.