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July 18, 2022 / 2022 Power 25 Real Estate

2022 Power 25 Real Estate: Larry Dooley

Larry Dooley
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Larry Dooley is the developer behind one of the most significant redevelopments in Hartford over the past decade-plus. 

He has spearheaded the Colt Gateway project, the redevelopment of Colt Firearms’ former 600,000-square-foot manufacturing complex into a mixed-use residential, office/commercial and retail development. 

This 17-acre property features 10 distinct buildings that were historically used as industrial properties from the 1860s through 1930s. 

Dooley’s CG Management Co. partnered with Chevron Corp. on the multiphase redevelopment that has depended on significant public subsidies and included three separate apartment projects to date. 

The South and North armories contain 129 and 48 apartment units, respectively, while the property’s U-Shaped building debuted 28 new rentals at the end of last year. 

In October, Dooley told the Hartford Business Journal that “all the units are leased with the exception of the handful in the new building.” 

Colt Gateway is a mix of 60% commercial and 40% residential space. Commercial tenants include architectural firms and Insurity, a software company serving the insurance industry. Thomas Hooker Brewery is also located within the property.

Colt Gateway is steeped in history. 

Samuel Colt built his first factory in 1847, then in 1855 established the Colt Armory, the site Dooley is redeveloping. The factory burned to the ground in February 1864, two years after Colt died, but his wife, Elizabeth Jarvis Colt, had the factory insured after her husband’s death and was able to rebuild within three years.

Dooley has a bachelor’s degree in economics from UConn and a master’s degree in technology management from Central Connecticut State University.
 

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