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June 24, 2024 / 2024 Power 25 Real Estate

2024 Power 25 Real Estate: Carlos Mouta

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Carlos Mouta has spent decades investing and developing in Hartford’s Parkville neighborhood, seeing value in vacant factories and aging housing stock long before others.

Today, Mouta continues to build momentum for the struggling neighborhood. One of his latest turnaround projects is a converted five-story, 325,000-square-foot factory at 1429 Park St.

The former empty building now hosts 96 apartments on its upper floors, and a host of new small businesses in lower-level retail and office space, including Dead Language Beer Project, the Petrolhead Cafe, and even a recording studio.

The building is close to Mouta’s other ventures, like the popular Parkville Market, a collection of food and beverage vendors in a fun setting that once was a lumberyard. Mouta is slated to turn a nearby parking lot into a 57-unit apartment building and a garage with 350 parking spaces.

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

Mouta spent most of his childhood in the city of Beira in Mozambique, then a Portuguese colony. When the country declared independence in 1975, his Portuguese parents immigrated to the U.S., ending up in Hartford.

Mouta graduated from Central Connecticut State University, where he studied business and marketing, and then took a job at the Hartford Courant in the newspaper’s circulation department.

His first forays into real estate were buying up distressed properties in the wake of the Savings and Loan Crisis of the late 1980s and early 90s.

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