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    Elizabeth Downs house abandoned after blaze hits the SA property market for bargain price

    Elizabeth Downs house abandoned after blaze hits the SA property market for bargain price

    British Council for Offices crowns Barclays’ Glasgow campus UK’s best workplace | News

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  • News
    Elizabeth Downs house abandoned after blaze hits the SA property market for bargain price

    Elizabeth Downs house abandoned after blaze hits the SA property market for bargain price

    British Council for Offices crowns Barclays’ Glasgow campus UK’s best workplace | News

    British Council for Offices crowns Barclays’ Glasgow campus UK’s best workplace | News

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    Faedra Group hands over its industrial park in Budapest

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    House price index up 3.2% year-on-year

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    Apple and Tesla visionary to lead Verge Motorcycles’ global store expansion | News

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    Retail is becoming attractive to finance again

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    Property sales continue to grow

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    Dr Martens steps into global flagship store on Oxford Street | News

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    Hungary’s resi market in 2023 to copy results of 2022 | Property Forum

  • Retail
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    Mario Kart-inspired developer has other Roosevelt Row projects on tap

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    How this East Bay mall could be converted into housing, research space

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    THE JAXSON | 6 major urban core housing developments coming outside of Downtown

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    A first look at St. Petersburg and the Tampa Bay Rays’ stadium deal

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  • Residential
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    One of Utah’s largest deeply affordable housing developments, Ville 1659, fails

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    The Evolution of PD&R National Housing Market Releases

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  • Office
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    Office of Public Affairs | Ohio Man Charged with Operating Illegal Gambling Businesses and Tax Fraud

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    Lincoln Property moves headquarters to new North Dallas office tower

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    Maggie Mannebach | Intellectual Property Attorney | Kansas City

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    Smaller is good, say LR realty executives

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    Cyclone Gabrielle: Final number of Category 3 properties revealed for Hawke’s Bay; ‘buyout office’ to be set up

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    CIT Bank Makes $44M Construction Loan for Philadelphia Distribution Center – Commercial Observer

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    British Land secures planning permission for south London logistics hub

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    Contractors take over Spaulding Business Park warehouse project in City of Tonawanda

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    Sandyford completes three new lets at Saltney industrial estate | News

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    High interest rates, inflation driving down commercial property investments

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    Bis Henderson merges consultancy and space arms to form Visku | News

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    CoStar World News for Oct. 5

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    Investing in the Pan Amazon: How China’s investment operates

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    JLL names Patrick Saade Head of Global Hotels Desk

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    Dalata to invest £78m in double hotel deal – React News

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    Stocks that will see action today: October 4, 2023

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    China’s green tech giants link supply chains to Southeast Asia

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    Uy inks debt-restructuring deal with Chinabank

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    In the healing journey, sometimes luxury is just what the doctor ordered – eJewish Philanthropy

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    County Durham’s Esh Group toasts healthy profits after year of headwinds

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    ‘Inhospitable’ market has driven home buyers to Rochester, NY

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    Wanna Buy a Historically Protected Healy Home Built for a Jewelry Magnate?

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    Do not buy an obsolete Apple TV, even if it’s cheap

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    One Reason Buying a House Can Be So Hard: Big Take Podcast – Bloomberg

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    Buyers want to back out of $8.3M purchase of DeKalb County nursing home – Shaw Local

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    News updates from October 3: McCarthy ousted as House speaker … – Financial Times

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    Mansion Global Daily: Chinese Buyers Spent an Extra A$1 Billion on Australian Property

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New Haven Bigelow site eyed for new River St. commercial building

PrR by PrR
2023-09-16
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New Haven Bigelow site eyed for new River St. commercial building
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NEW HAVEN — As the last of the iconic, late 19th century Bigelow Boiler complex was being demolished, the city presented a plan to develop part of the site with a new commercial building on River Street.

It will replace an earlier agreement with Carmine Capasso, whose restoration business is a block away on Lloyd Street and who renovated another portion of Bigelow last year for the Armada Brewing Co. at 190 River St.

Capasso, at a meeting of the New Haven Development Co., said he envisions bringing small businesses into the proposed 10,000-square-foot building at 198 River St., which will mimic features of Bigelow with arched windows and a brick facade.

It can be used either by a tenant who needs all the space or it can be subdivided into five, 2,000-square-foot spaces, he said, and he said he anticipates interest from small contractors and building craftsmen, while Armada might do some brewing there.

He said offices will be up front with workspace behind it.

Alder Sarah Miller, D-14, wanted to know whether there would be small retail businesses that would encourage interaction with pedestrians, such as the neighborhood people who now walk to Armada.

Capasso said the building will be raised 3 feet to 4 feet from street level to address flooding concerns. He said it would be difficult to incorporate multiple points of egress such as are available at Armada.

“We see a real need in the market in terms of the requests we receive,” Deputy Economic Director Steve Fontana said, for light industrial and commercial space.

Michael Piscitelli, the city’s economic development administrator, said a general briefing on it was made to the River Street business community and the Fair Haven Community Management Team on at least two occasions, but not as detailed as is now available as it seeks a vote from the Development Commission.

Miller would like to have a presentation to the Fair Haven community before there are votes on the project.

The city had a 2017 lease and renovation agreement with Bigelow Square LLC, which is owned by Carmine and Vincenzo Capasso, for work on River Street that included Armada before it sold it the land.

That now will be updated with a new Development and Land Disposition Agreement for 198 River St. with 98-year leases for 194 River St. and 200 River St.

Bigelow Square will pay taxes on the leased properties, as well as the land purchase at 198 River St.

“We are fortunate that we have Bigelow Square to take on these properties. It is really going to make a huge difference in this block,” Helen Rosenberg, an economic development officer, said.

Property on River Street has contaminated soil due to previous industrial uses and is in a flood zone. The city, however, has been able to ameliorate those conditions on several portions with the help of state funds, and a number of businesses have moved in.




The plan is to use a $969,750 state Department of Economic and Community Development grant to remove the soil contaminated by PCBs (polychlorinated biphenyls) from 198 River St. with $400,000 allocated by the city for clean fill that will raise the site above the base flood level.

Capasso also plans to build a parking lot at 194 River St. for Amada and the anticipated tenants at 198 River St. after the contaminated soil is capped. On 200 River St., his business will use it to store equipment connected to his renovation business.

The city tried for years to save and reuse Bigelow, a massive complex where industrial boilers were constructed in the heyday of New Haven’s manufacturing era, a business that employed hundreds of people.

“I never like to give up,” Rosenberg said, overcoming the roadblocks she has encountered over several decades, tracking down funds before building deterioration presents safety issues.

“I see that over time you can make things work out, maybe not exactly the way you envisioned them, but then it is always, ‘OK, let’s not give up. What can we do next?'” Rosenberg said.

Successful businesses now there, she said, include Capasso Renovation, Armada, Art to Frame, Fair Haven Furniture and Patriot Marine. “We are in partnership with all these businesses,” she said.

Other parcels have been cleaned up and are awaiting developers. Two major projects — one where the New England Brewing Co. had hoped to relocate to the street and a proposal by Jaigantic Studios to build movie studios there  —  fell through.



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Tags: BigelowbuildingcommercialeyedHavenRiversite
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