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July 18, 2022 / 2022 Power 25 Real Estate

2022 Power 25 Real Estate: Avner Krohn

HBJ PHOTO | STEVE LASCHEVER Developer Avner Krohn in New Britain, where he's been an active apartment builder.

To a community long hungry for investment, the attention of a developer who sees your potential can be a blessing.

Fifteen years ago, that community was New Britain and the developer was Avner Krohn.

Krohn’s company, Jasko Development, took a long-neglected building on Main Street and renovated it into a mix of first-floor retail and luxury apartments above. Jasko also renovated the Rao and Raphael buildings into mixed use.

In 2021, Krohn launched his most ambitious New Britain project to date, a $14-million, 107-unit luxury apartment building in the heart of downtown New Britain.

“I think New Britain can handle many hundreds of market-rate apartments downtown if you build with the right mixed use, with retail on the ground floor,” Krohn said at the time. “I think smaller projects will come into play on the side streets once you get the vibrancy that’s necessary downtown.”

New Britain has seen a swirl of development interest in the past year, as other developers noticed successful projects by Krohn, who has continued to advance proposals in New Britain and elsewhere.

Krohn and partners are pursuing a 48-unit apartment development in West Hartford Center and a 440-unit project at the former Showcase Cinemas site in East Hartford.

Krohn is also partnered in a 114-unit apartment development on a downtown New Britain site created by the demolition of three commercial buildings near New Britain City Hall. Those apartments are expected to be available by the end of 2023.

More recently, Krohn paid $775,000 for a 36,530-square-foot office building at 114 West Main St., and a neighboring parking lot in downtown New Britain. Krohn plans to renovate the building, which once served as a U.S. Post Office, and find new tenants.

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