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Hartford luxury apartment owing $900,000 in taxes avoids auction

Hartford luxury apartment owing $900,000 in taxes avoids auction
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Hartford apartment building could head to auction with owed taxes

Amid office market struggles, downtown Hartford s Stilts Building faces foreclosure

One of the major Class A downtown Hartford office towers owned by landlord Shelbourne Global Solutions is facing foreclosure, reflecting the struggles of the city’s office market coming out of the pandemic.  Wells Fargo Bank in June filed a foreclosure action in Hartford Superior Court against an affiliate of Shelbourne alleging the Brooklyn, New York landlord has failed to make payments since February on a $31 million mortgage for the 420,000-square-foot-property at 20 Church St., better known as the Stilts Building.  

2022 Power 25 Real Estate: Benjamin Schlossberg

Benjamin Schlossberg’s New York-based real estate investment and development company Shelbourne Global Solutions has had the biggest impact on downtown Hartford’s commercial real estate market over the past eight years. Schlossberg’s firm since 2014 has bought hundreds of millions of dollars in real estate downtown including major class A office towers becoming the center city’s most dominant landlord.

2022 Power 50: 13 Benjamin Schlossberg

Benjamin Schlossberg’s New York-based real estate investment and development company Shelbourne Global Solutions has had the biggest impact on downtown Hartford’s commercial real estate market over the past eight-plus years. Schlossberg’s firm since 2014 has bought hundreds of millions of dollars in real estate downtown including major class A office towers becoming the center city’s most dominant landlord.

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