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July 18, 2022 / 2022 Power 25 Real Estate

2022 Power 25 Real Estate: Michael Belfonti

Michael Belfonti

Over three decades, Belfonti Companies has owned and managed more than $2 billion in real estate.

Today, its pending projects include an estimated $60 million redevelopment of the former Ames headquarters in Rocky Hill, a long-awaited venture. Ames stopped operations there in 2002 and the 225,000-square-foot building has since gone to ruin and decay.

CEO Michael Belfonti is pushing forward with a plan to knock it down and build a mixed-use community on the 12.1-acre site, including 213 apartments in 11 buildings, along with 5,000 square feet of office and 15,000 square feet of retail space.

Belfonti has focused on Connecticut commercial and residential development but has strayed outside state lines. His company is currently partnered with global real estate firm Hines and Bridge Investment Group on a 209-unit, premium apartment development just outside of Boston.

Also in Connecticut, he’s developed The Landon apartments in Cromwell and Hunter’s Chase Condominiums in Litchfield.

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