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Apartments, restaurant could be on deck for historic downtown Hartford firehouse
hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.
Small, but dedicated group of developers aims to lead Hartford s post COVID-19 renaissance
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Investors betting on Hartford: Pratt Street developers acquire major stake in four downtown apartment buildings; more retail a priority
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Parking magnate Alan Lazowski has acquired a 50% ownership stake in four large Class A apartment buildings in downtown Hartford.
Lazowski, head of LAZ Parking and LAZ Investments, partnered with longtime realty development partner Marty Kenny to purchase the stake from Jeffrey Ravetz of New York-based Girona Ventures.
The deal includes Spectra Plaza at 5 Constitution Plaza, Spectra Pearl Main at 101 and 111 Pearl St., and Spectra Park at 100 Trumbull St., which contain a combined 554 mostly market-rate apartment units.
Financial terms of the ownership shake-up were not disclosed, but Lazowski said that Joseph Klaynberg will maintain his 50% stake in the properties, three of which were 90% leased or higher as of November, according to data from the Capital Region Development Authority, which has financed apartment conversions at the properties over the past nine years.
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Mezz lender takes control of Wonder Works’ UES condo
UCC auction held after developer’s last-ditch attempt to stop it New York / Share via Shortlink
The Vitre at 302 East 96th Street with Wonder Works Construction’s Joseph Klaynberg and Daniel Klaynberg (Vitre NY; Wonder Works; iStock)
Right before a foreclosure auction was due to proceed for a loan tied to Wonder Works Construction’s condo project on the Upper East Side, the developer filed a last-ditch motion to stop it.