Developers see market for upscale rental housing in Granby and Bloomfield

After a better-than-expected experience with marketing a large apartment complex in Granby, developers Reggie Kronstadt, Bard Kligerman and Robert Kligerman are putting up 165 rental homes in Granby and Bloomfield — with another 150 or so planned. At a time when some single-family home builders are caught between high construction prices and rising interest rates, Kronstadt and his partners believe they have found a niche that’s financially solid: Rental duplexes and townhouses aimed at young families and empty-nesters. Project Manager Perry Gold is directing a team of 75 subcontractors and trades workers at the Granby site. The Bloomfield project is expected to break ground early next year, and Kronstadt said another one — in a central Connecticut community that he won’t name yet — should bring another 120 to 160 units.

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