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July 26, 2021 / 2021 Power 25 Real Estate

2021 Power 25 Real Estate: Randy Salvatore

HBJ FILE PHOTO Developer Randy Salvatore stands outside Dunkin’ Donuts Park, near his under construction mixed-use apartment development.
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After years of delay and anticipation, construction on the mixed-use redevelopment near Dunkin’ Donuts Park in Hartford is showing signs of progress.

Stamford-based developer RMS Cos. broke ground on the project’s first phase last October, and has already completed construction of the 330-space parking garage. RMS CEO and President Randy Salvatore said construction on the $50-million project’s first phase, which will include 270 apartment units, should be completed in the first quarter of 2022.

Meantime, RMS is in early discussions about the development’s next phase, which will include construction of 532 additional apartments and a 541-car garage.

When the development is completed the plan is for the newly named North Crossing project to have 1,000 total apartments.

The pandemic has dealt a setback to the city of Hartford, but Salvatore recently told HBJ he’s still optimistic about the city’s future, especially when it comes to demand for new rental units.

“I remain as bullish as ever about the long-term prospects for Hartford and this development,” Salvatore said in May.

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