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New York developer Avner Krohn said he expects to have tenants in his latest New Britain development in September.
Krohn said construction on the $20 million-plus, 107-unit apartment building known as The Brit is continuing but interest in the development is high.
“We haven’t gone to pre-leasing yet, but people have reached out on our website to get on the waiting list. There are, right now, 165 people on the waiting list that have yet to be vetted,” said Krohn, principal of Jasko Development.
The building – which is the former home of the now-vacant Burritt Bank – doesn’t yet have an address but is located on the corner of Main and Bank streets. Krohn said roofing work and the installation of windows are being done this week. In addition, work on the mechanicals and floors and sheetrocking will be done over the next two months, he saId.
The 107 apartments, Krohn said, will be sold at market rate and range from $1,550 a month to $2,450 a month. The apartments, he said, will be between 500 and 1,050 square feet.
In addition to apartments, the building, Krohn said, will also feature 5,450 square feet of retail space and a to-be-determined restaurant. “There is no one yet locked in for the restaurant, but we want the restaurant to have a vibe to it and appeal to multiple age groups and draw people to downtown.”
Krohn is also working simultaneously on developing The Highrailer, located at 283 Main St., adjacent to The Brit. The Highrailer was formerly home to Amato’s Toy & Hobby, a well-known toy store in the Hardware City.
Krohn said the $25-million Highrailer project will be completed and ready for occupancy at the end of 2024. The Highrailer is currently under construction and will feature 114 housing units and retail space including 3,000 square feet for a to-be-determined restaurant.
The apartments will also be market rate, but the prices will be a little higher than what they will go for at The Brit, Krohn said. The units will run from 450 to 1,100 square feet, he said.
Both projects are being financed via private equity and bank loans.
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