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July 26, 2021 / 2021 Power 25 Real Estate

2021 Power 25 Real Estate: Clayton Fowler

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Developer Clayton Fowler has a broad portfolio that spans southwestern Connecticut, Westchester County, St. Louis and Portland, Oregon.

More recently, Fowler, founding partner and CEO of Norwalk-based Spinnaker Real Estate Partners, has taken an interest in Hartford, and is now seen as a crucial player in the city’s economic development prospects.

Spinnaker, which says it has developed or redeveloped more than 3.5 million square feet of commercial space over the past 20 years, with a total project value exceeding $1.5 billion, has two major mixed-use developments underway in the Capital City.

Clayton Fowler

The first, a $26 million project at 97 Main St. near Hartford Hospital’s flagship campus, broke ground on its second phase recently. When complete, “Park & Main” will feature more than 100 apartments and 20,000 square feet of commercial space.

Closer to downtown, Spinnaker last year acquired for $6.8 million 55 Elm St., a former state office building where the company plans a $63 million overhaul that will include 164 residential units, and space for coworking and a restaurant.

As city planners continue to conceptualize a potentially $500 million plan to overhaul Bushnell South, an area that stretches from 55 Elm to the Capitol, Fowler said recently he was optimistic, so long as government and local residents are welcoming.

“If there’s a will, there’s always going to be a way,” Fowler said. “There are obstacles and challenges involved in ground-up development in a community that’s ... not as wealthy as downstate Connecticut. It needs to be a very firm public-private partnership. We’re very excited to at least be at the table.”

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