2023 Power 25 Real Estate: Sandy Cloud Jr.
Sandy Cloud Jr. is a well-known local lawyer and businessman whose firm, The Cloud Co. LLC, has built a close relationship with Philadelphia apartments developer Pennrose Properties on various Greater Hartford projects.
Their latest effort is targeting downtown Hartford. The Cloud Co. and Pennrose are under contract to purchase two historic state-owned buildings, at 18-20 and 30 Trinity St., with plans to redevelop them into 108 apartments as part of a $45 million investment.
Cloud and Pennrose are also co-redeveloping Hartford’s old, rundown Westbrook Village housing complex.
The Village at Park River complex will eventually include about 432 new rental housing units and homeownership opportunities and retail/commercial space in the city’s North End.
Cloud has also worked with Pennrose on mixed-use residential developments in Meriden and Torrington.
According to his bio, Cloud during his career played a major role in the development of the Upper Albany Shopping Center and Crown Gardens housing development in Hartford. He also led Aetna’s national Neighborhood Development Program in the 1980s, and oversaw investments exceeding $100 million, which transformed several urban neighborhoods across the country.
Cloud is also active in the community. He served two terms in the state Senate and chaired or served on the boards of UConn Health, the Connecticut Health Foundation, Eversource and MetroHartford Alliance.
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