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July 18, 2022 / 2022 Power 25 Real Estate

2022 Power 25 Real Estate: Carlos Mouta

Carlos Mouta
Carlos Mouta

With deep roots in Hartford’s Parkville neighborhood, Carlos Mouta has been a pioneering real estate investor and believer in the downtrodden area’s potential.

With the redevelopment of the Pope Commons, 360 Main and other properties — as well as the 2020 launch of Parkville Market — Mouta has a track record of success. He is a key advisor and collaborating developer in the city’s $242 million plan to redevelop Parkville into a center of entertainment, advanced manufacturing development and job training.

Mouta’s fortunes and that of his home neighborhood are closely linked.

Mouta began investing in Parkville in the 1980s, and today city officials and other developers look to him for advice. They’ve also been enthusiastic supporters of his latest efforts. The Capital Region Development Authority, in January, signed off on $7.5 million in loans to help finance two of Mouta’s Parkville redevelopments.

One is an ongoing effort to renovate a 34,475-square-foot building next to the Parkville Market into a distillery, bar and events space with additional booths for food vendors.

The second is a $72.8 million renovation of the former Whitney Manufacturing site at 237 Hamilton Ave., into 189 apartments and 86,000 square feet of commercial space. Hartford Mayor Luke Bronin has described this as a “linchpin project” for efforts to redevelop Parkville.

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