Yale Buys Daggett Square
by | Apr 9, 2024 12:17 pm | Comments (23)
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Yale has purchased a vacant former rubber factory in the Hill that was once home to vibrant, illegal live-work artist studios for more than $2.5 million.
Real Estate
Spinnaker Partners On Fair St. Apts.
by | Apr 1, 2024 9:17 am | Comments (29)
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20, 34 Fair St. (right): Recently sold, to be built up into 185 new apartments.
One of the city’s busiest builders has teamed up with a Wooster Square luxury apartment developer to bring 185 new rentals to Fair Street — now that the duo have acquired two service garages and a surface parking lot for $3.45 million.
Clifford Beers Closes On $2.7M Purchase Of Ex-School On Dixwell From APT
by | Mar 29, 2024 11:50 am | Comments (2)
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794 Dixwell, now owned by Clifford Beers.
A mental healthcare provider has closed on its purchase of a former charter school property in Newhallville, making official a two-year-long effort by neighbors to stop that site from becoming a methadone clinic.
Continue reading ‘Clifford Beers Closes On $2.7M Purchase Of Ex-School On Dixwell From APT’
Ocean Sells 22 Properties So Far In 2024
by | Mar 12, 2024 3:22 pm | Comments (6)
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501 Fountain St.: Sold by Ocean to Continuum of Care.
One of the city’s largest landlords sold another 22 of its New Haven rental properties during the first two-plus months of 2024, continuing to dump large swathes of its local real estate portfolio.
Tech Philanthropist Buys Union League Building
by | Mar 11, 2024 5:54 pm | Comments (26)
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1032 Chapel, now owned by Technolutions' Alexander Clark.
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Megadonor Clark: "A young Beethoven on Red Bull."
A local tech CEO and ascendant “patron of downtown New Haven” plans to undertake a multimillion-dollar renovation of the Union League Cafe’s historic home — after buying the Chapel Street property from Yale for more than $4.3 million.
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Housing Authority Buys Q River Site
by | Mar 6, 2024 3:06 pm | Comments (11)
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Ziggy's Pizza: Lease extended, staying put, as part of plan.
The housing authority has officially purchased two Fair Haven Heights properties by the Quinnipiac River as part of its latest effort to redevelop long-underused city plots into new places to live.
Yale Buys Lab-Office Building For $139.6M
by | Dec 4, 2023 4:18 pm | Comments (65)
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300 George St., now owned by Yale.
Yale University dropped more than $139.6 million to purchase one of downtown’s largest pieces of med-tech real estate, in a part of the city bursting with new lab and office towers.
It doesn’t plan “immediately” to stop paying taxes on the building.
Continue reading ‘Yale Buys Lab-Office Building For $139.6M’
Yale Expands On Broadway With $7M Buys
by | Nov 29, 2023 11:04 am | Comments (53)
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51 and 57 Broadway, now owned by Yale.
Yale spent $7 million purchasing two more commercial properties on Broadway, further solidifying its ownership of the university-adjacent stretch of storefronts.
Mandy Buys Albertus Student Housing For $7.4M
by | Nov 28, 2023 12:21 pm | Comments (12)
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490 Prospect St.: Now owned by Mandy, leased by Albertus.
Tapping “the current advantageous real estate market,” Albertus Magnus College has sold 20 units of student housing and related office and meeting space for $7.4 million to an affiliate of Mandy Management — and has entered into a long-term lease with the local megalandlord to preserve the property for school use.
Continue reading ‘Mandy Buys Albertus Student Housing For $7.4M’
It's Official: City Buys Ex-Hotel For $6.9M; Housing Authority Buys Ex-Church Street South For $21M
by and | Nov 27, 2023 4:32 pm | Comments (16)
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270 Foxon Blvd., newly acquired by the city ...
... ex-Church Street South land, newly bought by the housing authority.
The city has officially purchased a Foxon Boulevard hotel for $6.9 million, and is now busy converting it into a non-congregate homeless shelter that the Elicker administration said it hopes to open before Christmas.
And the housing authority has closed on its $21 million acquisition of more than eight acres of Union Station-facing vacant land that used to house the Church Street South apartment complex, and is about to embark on a year-long planning process to determine how best to transform that empty expanse.
Property Sales Roundup: Nursing Home Sold For $2.25M
by | Sep 20, 2023 9:13 am | Comments (2)
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92 Lexington Ave., recently sold for $2.25M.
A Waterbury-based holding company has purchased a 50-bed nursing home and residential care facility on Lexington Avenue for $2.25 million — and a Stamford-based contractor has bought a Westville ex-convent and 10-unit apartment-complex-to-be for $865,000 — in some of the city’s latest property deals.
Continue reading ‘Property Sales Roundup: Nursing Home Sold For $2.25M’
"For Sale" Signs Multiply As Ocean Keeps Selling
by | Aug 29, 2023 2:24 pm | Comments (18)
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Lance Thomas, on Winchester Ave: "There's too much gun violence."
414 Dixwell, one of many Ocean properties up for sale.
Ocean Management affiliates sold another nine local rental properties over the past month — while Mandy Management affiliates sold six buildings of their own and bought one anew — as “For Sale” signs continue to pop up on front lawns across Newhallville and Dixwell.
Continue reading ‘"For Sale" Signs Multiply As Ocean Keeps Selling’
Yale Buys Prospect Hill Office Building For $2.85M
by | Aug 9, 2023 8:29 am | Comments (25)
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400 Prospect: Psychologists can stay ... for now.
Yale has purchased a two-and-a-half-story Prospect Street house-turned-office building for $2.85 million, further cementing the university’s ownership of much of a Prospect Hill block.
Continue reading ‘Yale Buys Prospect Hill Office Building For $2.85M’
Ocean Sells 15 Buildings In 7 Months For $7.8M+
by | Aug 2, 2023 9:07 am | Comments (32)
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1476 Chapel tenant Shaquita Alston (right) with sister Katina Kitchens: "Why keep selling it if it needs to be torn down?"
An affiliate of Ocean Management has sold a 20-unit West River apartment complex, which is home to a newly formed tenants union, for $2.44 million — as the local megalandlord continues to unload rental properties at prices well above what it paid to buy them over the past decade.
Continue reading ‘Ocean Sells 15 Buildings In 7 Months For $7.8M+’
Family Prevails At Fixer-Upper's Foreclosure
by | Jul 10, 2023 11:16 am | Comments (11)
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Daniel Marca (right) and fam: "We really just wanted a home in which our family can grow up and live for a long time.”
Looking forward to new memories to be made as new homeowners in the Hill, Daniel Marca and María González and their two young children explored the perimeter of an empty and partially boarded up house on Tyler Street that they won after ending on top of a crowded tax foreclosure auction.
Continue reading ‘Family Prevails At Fixer-Upper's Foreclosure’
Ex-Jazz Club, Ex-Deli Liens Hit $262K
by | Jun 1, 2023 10:08 am | Comments (10)
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Welcome to the Monterey? The current condition of the historic former jazz club, five years after Ocean Management bought it.
More than $260,000 in unpaid liens and blight fines appear to be holding up the city’s planned purchase of the long-derelict former Monterey Jazz Club and surrounding Dixwell properties.
Annex Port Storage Spots Sold For $17M+
by | May 31, 2023 8:59 am | Comments (4)
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Ship ahoy in the Annex. More to come, with a to-be-deepened port?
A Massachusetts-based company has purchased a handful of waterfront storage properties in the Annex for over $17 million — in anticipation of a federally subsidized harbor-deepening project that promises to boost business in New Haven’s already bustling industrial port.
YNHH Buys Lab Building For $101M
by | May 26, 2023 12:56 pm | Comments (25)
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55 Park St.: Long leased, now owned, by YNHH.
Yale New Haven Hospital spent more than $101 million buying a Rubik’s Cube-patterned medical-district building that it has used for more than a decade for clinical laboratories, a pharmacy, a lecture auditorium, and patient and visitor access to the nearby Smilow Cancer Hospital and Air Rights Garage.
Lab Builder Buys "10th Sq." Corner For $10M+
by | Mar 14, 2023 9:10 am | Comments (16)
Rendering of a new lab-and-office building ...
... to be built by Ancora at SW corner of ex-Coliseum site.
A North Carolina-based real estate developer has purchased the southwest corner of the ex-Coliseum site for over $10.6 million — furthering an already-city-approved plan to build up that part of the property into a new 11-story lab and office building.
Continue reading ‘Lab Builder Buys "10th Sq." Corner For $10M+’
Hill Properties Sold For 194-Apt Plan
by | Feb 23, 2023 11:29 am | Comments (31)
Contributed design rendering
Congress/Davenport apartment plan, slated to replace to-be-demolished properties like 326 and 348 Davenport (below).
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A California-based developer has purchased nine Hill properties for a combined $4.35 million — advancing plans to construct 194 new apartments on Congress and Davenport Avenues.
Real Estate Roundup: Hill Metal Scrapyard Sold For $1.3M
by | Jan 16, 2023 2:04 pm | Comments (3)
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Scrap metal ready for recycling at 808 Washington.
An international metal recycling company has purchased a Hill scrapyard that it has run and leased for the past nearly two decades, in one of the city’s latest property deals.
Continue reading ‘Real Estate Roundup: Hill Metal Scrapyard Sold For $1.3M’
Demolition-Cleanup-Redev Plans Advance
by | Jan 9, 2023 1:57 pm | Comments (3)
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The former Winchester Arms plant at Munson and Mansfield, slated for demolition.
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Science Park Development Corp's David Silverstone: "I'm afraid someone's going to get hurt."
Science Park’s redevelopers are still planning to knock down an abandoned factory building saturated in toxic oil and marked by broken glass.
They’re now one small step closer to realizing that goal, as alders advanced a grant application that would cover a portion of the $10 million they need to demolish and remediate the derelict former site.
Whose Boom Is It? City Cut Top Investors $166M Break In 2022
by | Dec 23, 2022 1:08 pm | Comments (42)
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360 State St.: Sold for $160M, appraised at $115M.
New Haven land records database
New Haven cut a $166 million break for out-of-town investors in the 10 biggest real estate deals of 2022 — leaving local taxpayers with the bill in a year that was supposed to start seeing the real estate boom pay local benefits.
The break came in the form of real estate tax appraisals that ended up far lower than the prices that buyers actually paid when they determined what the true values of high-end properties should be.
Continue reading ‘Whose Boom Is It? City Cut Top Investors $166M Break In 2022’
NJ Investors Buy Winchester Lofts
by | Dec 2, 2022 9:08 am | Comments (20)
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275 Winchester Ave., now under new ownership.
Two New Jersey-based investors have purchased the 158-unit Winchester Lofts luxury apartment complex — capping off a two-year local real estate spending spree that has seen that same landlord duo buy a total of 632 New Haven apartments for a price tag likely well in excess of $100 million.
145 Dwight Apts Sold For $34.6M
by | Nov 17, 2022 12:47 pm | Comments (7)
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Buyers Josef and Jacob Feldman of MOD Equities: Now the owners of 145 more Dwight neighborhood apts.
A New York-based landlord team that has long been active in New Haven’s real estate market added 145 more apartments to its local portfolio — in part by paying twice as much as the city-appraised value for a recently built Howe Street luxury apartment complex.
