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Avner Krohn
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2021 Power 25 Real Estate: Avner Krohn
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Across from Dunkin’ Donuts Park in Hartford’s Downtown North neighborhood, developer Randy Salvatore began building 270 new apartments last fall and he’s already making plans for the next batch of a few hundred more.
Salvatore, CEO of Stamford-based RMS Cos., brushes aside any suggestion that the COVID-19 pandemic which fueled significant demand for single-family homes has made multifamily property investment more tenuous.
“I remain as bullish as ever about the long-term prospects for Hartford and this development,” Salvatore said in a recent interview. “Time is the most prized possession for a lot of people. They work really hard and they don’t want to be doing yard work on the weekends and going to Home Depot to buy a part to repair the toilet. They want to be able to just enjoy themselves.”
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Brian Zelman
Krohn, of New Britain’s Jasko Development, and Zelman, of West Hartford’s Zelman Real Estate, said in a recent interview that they’ve named the project The Residences at Wash Brook, after one of several nearby brooks at the 20-acre site located midway between Routes 178 and 218.
While the two partners have worked together in the past, including on a recently completed Jolley Drive medical building, Wash Brook is their first multifamily collaboration.
Fresh project renderings show a two-story atrium with a mezzanine just inside the entrance to the four-story building.
“It’s not a massive building, it has kind of a boutique hotel feel,” said Krohn, who has been one of New Britain’s more active developers in recent years.
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.
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