New Britain developer Avner Krohn plans to raze and rebuild two prominently located but vacant buildings along the city’s Main Street corridor.
Krohn, principal of Jasko Development, last week secured a tax assessment modification agreement from the New Britain Common Council for the two connected buildings at 267 and 277 Main St. -- one of which housed the former Burritt Interfinancial Bancorporation that was shut down by bank regulators in the early 1990s.
Krohn envisions razing both properties and building an 83,000-square-foot, five-story building that would contain approximately 90 apartment units and 6,000-square-feet of ground-floor retail space.
In an interview Tuesday, Krohn said planning is still in the early stages, but estimated that the project would represent an investment north of $13 million.