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Developers are set to break ground this week on an ambitious project to convert the Sisters of St. Joseph of Chambéry convent and estate on Park Road in West Hartford into a 292-unit multifamily community.
The partners behind the $70 million effort, Lex-Laz LLC and Corridor Ventures, announced Friday that they have secured financing for the overhaul, after years of planning and revisions.
Lex-Laz is a partnership between Marty Kenny, founder and principal of Lexington Partners, and Hartford-based parking magnate Alan Lazowski; Corridor, based in Avon, is a principal investor in the entity.
The project, known as One Park Road, will include a mix of two-bedroom, one-bedroom and studio apartments, with 10% of the units set aside for renters earning less than 80% of the area’s median income. The former chapel on the eastern side of the 21-acre estate will be redeveloped into a common area for residents, with a fitness center, community hall, yoga room, work stations and lounge space. Plans also call for the construction of a swimming pool and pool house.
InnoConn Construction Management of Hartford is the general contractor for the project, and Barton Partners of Philadelphia is the architect.
Kenny and Lazowski have said the apartments will help meet demand for new housing among young professionals working in and around Hartford and empty-nesters looking to downsize.
“Laz and I both feel that the One Park redevelopment is one of the most transformative projects in West Hartford since Blue Back Square,” Kenny said. “It will be an economic shot in the arm for the Park Road business district and provide a meaningful link for further revitalization of Hartford’s Parkville district to the immediate east of the property.”
The Sisters, who have occupied the property since 1898, will maintain separate residences on the far western side of the plot.
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