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Developers planning 360-unit community at former Showcase Cinemas site in East Hartford

Developers planning 360-unit community at former Showcase Cinemas site in East Hartford
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East Hartford approves sale of former Showcase Cinema site to apartment developer for $1

East Hartford approves sale of former Showcase Cinema site to apartment developer for $1
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Despite hot housing market, Greater Hartford apartment boom rolls on

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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