The team behind a proposed massive, mixed-use redevelopment of portions of East Hartford’s Founders Plaza has spent about $16 million so far as it closes in on final property acquisitions needed for the project. Christopher Reilly — president of Hartford-based real estate developer Lexington Partners – told members of East Hartford’s Town Council Tuesday that his team has a “total investment of about $16 million” in the project so far. The council, on Tuesday, unanimously signed off on agreements that will allow the town to spend up to $6.5 million in state funding to demolish a 189,890-square-foot office building at 99 Founders Plaza and a 180,000-square-foot parking garage at 111 Founders Plaza. East Hartford Director of Development Eileen Buckheit said she anticipates demolition will go ahead in the first quarter of 2025. This will provide a portion of the roughly 30-acre development site envisioned in the Port Eastside plan. The project, when complete, will blend hundreds of apartments with retail, office and recreation space along the Connecticut River.
https://www.hartfordbusiness.com/article/16m-invested-so-far-toward-massive-mixed-use-redevelopment-of-east-hartford-office-park