October 10, 2018

Ideanomics completes $5.2M UConn campus purchase

PHOTO | SPENCER SLOAN
PHOTO | SPENCER SLOAN
Alfred Poor (left), chief operating officer of Ideanomics, and Scott Jordan (right), executive vice president for administration and chief financial officer of UCONN, sign the real estate property closing documents for the former UConn West Hartford campus on Wednesday.

Global fintech Ideanomics announced Wednesday it has completed its $5.2 million purchase of UConn's former West Hartford campus on Trout Brook Drive.

Ideanomics, which has corporate headquarters in New York, plans to build a $283 million headquarters for technology and innovation in West Hartford. The 53-acre development, known as Fintech Village, will employ 330.

The fintech says it has hired West Hartford's Newman Architects to design the new innovation hub and will seek the town's support in mapping out the project.

Following Wednesday's closing, Gov. Dannel P. Malloy said Greater Hartford is becoming a "hub for high-tech and innovation industries."

Connecticut will kick in a $10 million forgivable loan for renovations if Ideanomics hits its job target.

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