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Travelers Cos to cede 150,000 sq ft of leased downtown Hartford office space

Travelers Cos to cede 150,000 sq ft of leased downtown Hartford office space
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Former Red Lion Hotel in downtown Hartford sells for $22 million See what plans the new owners have for the building

Shelbourne Global Solutions LLC of Brooklyn, N.Y. downtown Hartford’s largest commercial landlord and Waterbury-based Axela Group have purchased the former Red Lion Hotel in downtown Hartford and plan to complete its conversion to an apartment building.

As pandemic restrictions lift, don t expect Hartford employees to surge back to offices

At State House Square, one of downtown Hartford’s major Class A office properties, David Jakubowski keeps a close eye on parking garage traffic reports, eager to see concrete signs of greater employee activity as COVID-19 vaccination rates rise. However, Jakubowski, who manages the three-building property on behalf of its owners, has observed only a slight increase over the past few months. Inside, there’s still just a sliver of normal employee activity levels. “We were hoping at this point we might have 25% of the normal population back to work,” Jakubowski said. “I see a few more people I haven’t seen in the last year, maybe one or two days a week.”

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