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February 21, 2021 / 2021 Power 50

2021 Power 50: 46. Carlos Mouta & Martin Kenny

Photo | HBJ File Hartford developer Carlos Mouta says some of his tenants are choosing not to pay rent amid the pandemic.

When it comes to developing apartment buildings in Hartford, the names Martin Kenny and Carlos Mouta are two of the most recognizable.

Carlos Mouta, Real Estate Developer

The two men — who have not to date collaborated on any projects — have been in real estate for decades, and between them control well over 1,000 residential units in Hartford County.

Mouta has been heavily focused on Hartford’s Parkville neighborhood while Lexington Partners’ Kenny — a frequent business partner of parking magnate and realty investor Alan Lazowski — has focused on the central business district and nearby suburbs like Glastonbury, West Hartford, Wethersfield and Windsor.

Mouta’s biggest recent project was the Parkville Market food hall, a $5 million, 20,000-square-foot facility that debuted several months into the COVID-19 pandemic in 2020. Mouta is pursuing a 30,000-square-foot expansion that will include a gaming area, bar, and potentially a brew pub.

Martin Kenny

Kenny’s latest investment was buying out, alongside Lazowski, New York investor Jeffrey Ravetz’s stakes in 101-111 Pearl St. and Spectra Plaza at 5 Constitution Plaza, which contain more than 550 downtown Hartford apartments combined. Lexington last summer also wrapped construction on the second phase of its $32 million “The Borden” apartments in Wethersfield and is working with Lazowski and New York realty investor Shelbourne Global on the mixed-use redevelopment of various properties on Pratt Street in downtown Hartford.

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