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February 20, 2023 / 2023 Power 50

2023 Power 50: 38. Martin J. Kenny & Carlos Mouta

PHOTOS | STEVE LASCHEVER Carlos Mouta sits in an apartment he created as part of the renovation of 1477 Park St.

Martin J. Kenny and Carlos Mouta are two of Hartford’s most prolific developers.

Kenny, of Lexington Partners, has helped develop more than 2,000 apartments in 18 significant projects over three decades and shows no signs of slowing.

The 66-year-old developer partnered with his longtime friend and investor Alan Lazowski and real estate giant Shelbourne Global Solutions in the recent $9.1-million conversion of townhouses into 86 apartments along Temple Street in downtown Hartford, as well as the conversion of an office building at 99 Pratt St., into 97 apartments above 12,000 square feet of retail space.

Martin Kenny, owner of Hartford-based Lexington Partners, inside the former sanctuary at the Sisters of St. Joseph convent property in West Hartford.

This year, Kenny expects to complete a $70-million development of 292 apartments at the former Sisters of St. Joseph of Chambery Convent on 22 acres in West Hartford. Avon-based Corridor Ventures is the primary investor in that project. 
The development, titled “One Park,” at the corner of Park Road and Prospect Avenue, will have a rooftop deck, saltwater pool and community center, along with other amenities.

In Cromwell, Kenny and Lazowski are partnered with California-based investment management firm M360 Advisors in a $100-million redevelopment of the shuttered and decaying Red Lion Hotel property. 

The plan is to knock down the hotel and replace it with a mixed-use development of 254 apartments, 20 townhomes and 30,000 square feet of commercial space. The property will offer numerous amenities, including, Kenny hopes, a high-end restaurant.

Mouta has been investing in Hartford’s Parkville neighborhood for decades. Where others saw downtrodden streets and blighted and abandoned factory buildings, Mouta has always seen opportunity.

His portfolio of revitalized and repurposed properties include Pope Commons, 360 Main, the Hartford Design Center and the Design Center Lofts.

Mouta’s $5-million conversion of a former lumberyard building into the Parkville Market in 2020 has drawn widespread praise. The market’s success has bolstered hopes for a neighborhood renaissance. The indoor food bazaar hosts rows of food stalls and has become a draw for the area. 

Mouta is currently working on a multimillion-dollar expansion of the market.

He is also working to advance plans for a $72.8-million conversion of the former Whitney Manufacturing site on Hamilton Avenue into 189 apartments and about 86,000 square feet of commercial space. 

Find out who else is in the 2023 Power 50.

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