News: Connecticut

What an exciting time to be in East Hartford

As we realize our Master Plan of Development for Rentschler Field, support the expansion of Goodwin College, and attract technology-based companies to the Connecticut Center for Advanced Technology (CCAT) incubator, it is clear that we are on the brink of an amazing period of economic growth and development. We are thrilled about the changes in East Hartford's immediate future. Clearly, there's no better place to be. Join the move to East Hartford. Come and see how East Hartford works for your business, the surrounding community, and for you. The opportunity to build your brilliant future, here in East Hartford, starts today. Staff and commissioners work tirelessly to assure that businesses and new development successfully navigate our regulatory system and receive the assistance they need. The college football season began at Rentschler Stadium with UCONN vs. Maine on September 8th. Cabela's Outdoor Retail Store is stocking its shelves for a mid-October opening. Get a preview of the most spectacular shopping experience at the Big MO'mentum, www.riverfront.org a major fund-raiser for Riverfront Recapture at the Cabela's store on September 20th. Housing choices abound. Experience luxury high-rise living at Riverpoint condominiums, historic homes from the 1700s through the Victorian era in many neighborhoods. Choose an affordable active adult community at Phillips Farm and Goodwin Village. East Hartford sports an 18 hole public golf course and a riverfront walkway system with a boat launch on the Connecticut River. Recreation activities include many musical venues throughout the year such as the Podunk Bluegrass Festival and free summer concerts in the parks. Goodwin College is beginning construction on a $34 million building on the riverfront at 211 Riverside Dr. The Town of East Hartford has supported this development by making available EPA Brownfield Grants for Phase I and Phase II Environmental Site Assessments as well as a $3 million grant from Connecticut Development Authority to Goodwin for remediation and infrastructure funding. Development staff has served 67 individuals or businesses through our weekly Land Use Meetings, co-ordinated by the economic development specialist, Aya Jensen. These meetings give people a chance to speak with all town departments that may require licenses, permits or other sign-offs that govern the successful receipt of a Certificate of Occupancy for a business. Our brochure is on line to assist business people in understanding how these meetings work. 23 new businesses have moved into town during the past year. These new businesses are listed on the Development website www.ci.East-Hartford.ct.us and updated monthly. The Planning and Zoning Commission took in 161 applications during the Fiscal Year 2006-2007. The East Hartford Redevelopment Agency has been working with several developers over the past year. St. Francis Hospital and Medical Center is the newest tenant at Gateway Plaza on Main St. The Planning and Zoning Commission recently approved a text amendment which would allow for more creative, less impervious development within redevelopment projects. The East Hartford Redevelopment Agency is working with Rentschler Field Development Company to maximize opportunities for business location within the Rentschler Field Area. This area is zoned under a master-plan of development. New businesses conforming to the master-plan only require site plan approval to begin construction. Our development department staff can help your business be the next great thing that happens in East Hartford. East Hartford is the place to be.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary