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April 16, 2024

Downtown Hartford office building targeted for redevelopment listed for sale

COSTAR 275 Asylum St., Hartford.
By Greg Bordonaro

A New Haven landlord that appears to be selling off his downtown Hartford holdings has put another center-city property up for sale.

The 35,277-square-foot office and education building at 275 Asylum St., has been listed for sale by the Lisa Cozzi Team with Berkshire Hathaway HomeServices New England. 

The asking price is $4.89 million.

The property has sat vacant for years and was previously used by Hartford Public Schools as a high school (High School Inc.). It is currently owned by New Haven-based Ocean Management and its principal Shmuel Aizenberg, who bought it in 2021 for $3.915 million, records show. 

When Aizenberg purchased the property, which sits diagonally across the street from the XL Center, there was speculation that he would convert it to apartments, but no redevelopment has occurred. 

The property has had several liens placed on it by the city for delinquent property taxes, and the MDC, for unpaid water bills, land records show. 

According to the listing, the “former high school site stands primed for transformation, boasting approved plans for a residential complex featuring 50 units,” including a mix of studio and one-bedroom apartments. 

Aizenberg’s Ocean Management firm recently sold off another downtown Hartford property at 201 Ann Uccello St., an apartment building known as “The Grand on Ann.” 

CoStar
The “Grand on Ann” apartments at 201 Ann Uccello St.

That 26-unit apartment building sold in late February for $3.9 million to Ann Uccello Apartments LLC, whose principal is Quay Wallace Watkins, of Stamford. Ocean Management originally bought that property in 2021 for $3.15 million.

Ocean Management also owns a pair of Hartford church properties: the former St. Augustine and St. Peter’s school buildings, located at 20 Clifford St. and 11 Charter Oak Place, respectively.

The company purchased the properties in 2021 for $3.75 million, with plans to potentially convert one or both to apartments. Liens have been placed on both of those properties by the city and MDC for unpaid taxes and water bills, land records show.

No conversions have taken place thus far. 

Ocean Management has been selling off various New Haven apartment buildings in recent years and has faced various liens and other issues with properties in that city. 


 

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