Please do not leave this page until complete. This can take a few moments.
Demolition of the aging 795-car parking garage at One Talcott Plaza owned by Hartford’s largest commercial landlord may not happen until next year, as talks with historic preservation officials continue.
Mayor Luke Bronin will ask city councilors at their meeting next week to approve an amendment to the city’s agreement with owner Shelbourne Global Solutions, which would extend the New York-based developer-landlord’s Dec. 31 demolition deadline set by the city back just over a year ago.
The Historic Preservation Commission, according to Bronin, has raised questions and concerns about a two-story pedestrian footbridge attached to the garage and offices above it.
“There are ongoing discussions around the commission concerns, and therefore we are requesting an extension under the current amended tax settlement agreement with Shelbourne Properties,” Bronin wrote to councilors.
Under that tax settlement reached in 2018, the city agreed to fix property taxes on Shelbourne’s 20 Church St. and 100 Pearl St. downtown office towers for a period of five years. In exchange, Shelbourne agreed to demolish the parking garage, pay about $3 million in back taxes on One Talcott Plaza, and invest approximately $10 million downtown.
Under Bronin’s proposed demolition extension, Shelbourne would have 120 days to complete the work once it secures the necessary permits from the historic commission.
The pedestrian bridge, which is on the National Register of Historic Places, was built in 1918 to connect the former G. Fox & Co. department store to its warehouse building on Talcott Street.
Shelbourne did not immediately respond to a request for comment Thursday morning.
The original 2018 tax settlement deal between Shelbourne called for demolition by the end of 2019, but the company received an extension late last year, to the end of 2020, giving it time to determine whether the garage could be salvaged rather than demolished and requiring it to increase its $10 million commitment.
Shelbourne announced over the summer that the structure was beyond repair and that it intends to build a new parking structure at the site after demolition is complete.
It has not yet revealed a construction timeline.
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Learn moreHartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
SubscribeDelivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments