Winstanley’s latest buying, building spree shows faith in region’s active, but slowing industrial market

by Kimberly Glassman | Oct 31, 2023 | Uncategorized

The real estate investment and development firm has been one of the most active industrial developers north of Hartford since 2015, when it paid $12 million for Hallmark’s 1-million-square-foot distribution center and 324 associated acres in Enfield. In August,...

Legal battle over CT ballpark site ends with $10M settlement. Now comes the housing

by Kimberly Glassman | Oct 31, 2023 | Uncategorized

The Hartford City Council Monday swiftly approved paying nearly $10 million to end a 7-year court battle over the development of Dunkin’ Park and the land around it, clearing the way for further apartment construction, possibly beginning later this year. The backing...

With lawsuit settled, Salvatore wants to shift $13.6M in public assistance back to apartment development near Hartford’s Dunkin’ Park

by Kimberly Glassman | Oct 30, 2023 | Uncategorized

Following this week’s announced $9.9 million legal settlement related to the initial construction of Dunkin’ Park — a court case that has delayed development around the stadium — RMS Cos. CEO and President Randy Salvatore said he wants to shift more than $13 million...

Demolition ceremony at Torrington Co.’s Standard Plant marks end of era, new beginning

by Kimberly Glassman | Oct 30, 2023 | Uncategorized

For the next several months, machinery sounds emanating from 23 of 26 of those buildings bordering North, Prospect, North Elm and Norwood streets will be from heavy demolition equipment taking the buildings apart from the inside out. The demolition is being conducted...

Avangrid avoids $1 billion write-off after ending plans to build CT’s Park City Wind farm

by Kimberly Glassman | Oct 30, 2023 | Uncategorized

Avangrid reported Thursday that in canceling its Park City Wind farm for Connecticut, it sidestepped more than $1 billion in write-offs as projected costs outstripped revenue it expected under a power purchase agreement with the state. Avangrid unilaterally pulled the...