Randy Salvatore
February 21, 2021
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2021 Power 50
2021 Power 50: 25. Randy Salvatore
Photo | Liese Klein
Dignitaries break ground for Phase 1 of Downtown North project.
There are plenty of naysayers when it comes to investing public money in the construction of a professional sports stadium, but Fairfield County real estate developer Randy Salvatore is working to ensure Hartford’s minor league ball field produces the best possible economic impacts, even during COVID-19.
After winning a court battle against the former general contractor that built much of Dunkin’ Donuts Park and initially had rights to develop several tracts of land surrounding the stadium, Hartford moved forward with Salvatore, founder and CEO of Stamford-based RMS Cos., as its preferred developer.
RMS, which is part owner of the Goodwin Hotel in downtown Hartford, broke ground this past September on the first phase of the Downtown North development around the park, an approximately $50 million project that includes 270 apartment units at the corner of Main and Trumbull streets, restaurant and retail space, and a parking garage — expected to be completed by 2022.
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