News & Media

The former Showcase Cinemas site in East Hartford is on track to become apartments. After years of delays and challenges, the town has officially closed on the sale, marking a big step in the $115 million project. Jasko Development has purchased the property and plans for Concourse Park to include 402 apartments ranging from studios to three bedrooms with costs expected to be anywhere from $1,800 to $3,500, depending on the unit. Amenities include a pool, dog park, 12,000-square foot clubhouse and more. Construction set to start in 2026.

A Rocky Hill investor this week paid $4.5 million for a 20-unit apartment building with first-floor restaurant space in downtown New Britain.

Avner Krohn’s first investment in Connecticut came in 2006, when he and a partner paid $700,000 for a dilapidated 26,975-square-foot office building near Central Park in downtown New Britain. In 2020 Krohn launched a $4.3 million renovation that transformed the five-story, century-old office building into 20 apartments above restaurant space. Today, that building — known as “The Andrews” — is fully leased, but Krohn has decided to list it for sale on an online auction site. The move is part of a shift in strategy — mainly a sharper focus on developing and owning larger projects, in New Britain as well as other nearby communities. Krohn says The Andrews is now too small for his investment and management strategy. Krohn has in recent years begun to sell off apartment buildings with fewer than 30 units, as well as smaller retail assets. “We don’t do property management in-house anymore,” Krohn said. At 43, Krohn’s portfolio now includes 400 apartment units in buildings either recently completed or nearing completion, all in Connecticut. Krohn said that, working with partners, he will launch construction projects by the first quarter of 2025 that will add another 542 units in Greater Hartford.

Alittle more than two years after the long-vacant Burritt Interfinancial Bancorp. building in downtown New Britain was demolished, the first tenants are moving into a 107-unit apartment building that has taken its place.

July 24, 2024, NEW BRITAIN, CT –  Jasko Development LLC, announced today that the nonprofit Dominican Sisters of Peace, INC., DBA Siena Learning Center has signed a 5-year lease for 1,780 sq ft of space in the Jasko Development office building at 114 West Main Street, New Britain. The historic building has been commonly known as New Britain’s Old Post Office.

The Siena Learning Center is a non-profit, non-denominational educational outreach ministry of the Dominican Sisters of Peace. Offering English as a Second Language to Adult Learners in the Greater New Britain area of Connecticut, assisting in career opportunities and earning American citizenship. The Siena Learning Center announced on its website that they will be moving to the West Main St. address from their previous offices at 29 Edson St., New Britain.

The new 114 West Main St., New Britain home is convenient to 16 bus routes, within walking distance from the New Britain CTfastrak station terminus, and is easily accessible to CT routes 84, 72 and 9.

Built in 1905, 114 West Main Street served as downtown New Britain’s post office from 1910 to 1979, Jasko Development purchased the historic 36,000 square foot building in 2022 and updated the interior, exterior, infrastructure and landscaping, making the 19 office spaces attractive for lease as insurance, non-profit, business or law offices.

Jasko Development LLC, founded in 2007 is a commercial real estate investment, development, and management company specializing on working closely with city officials and community leaders to provide a robust mix of live-work-play elements within the community. Jasko has several downtown New Britain projects in their portfolio, including the Brit, the Highrailer and the Strand. Jasko is currently delivering a total of more than 1,100 multifamily residential units to urban and suburban markets.

July 24, 2024, NEW BRITAIN, CT –  Jasko Development LLC, has announced that Safe Passages, LLC has signed a 5 year lease for 1,300 sq ft of office space in the Jasko Development office building at 114 West Main Street, New Britain. The historic building that was previously known as New Britain’s Old Post Office.

Licensed Therapists and Certified Reiki Master Teachers, Safe Passages, LLC offers a diverse, therapeutic, and uniquely integrated approach to meeting the clinical, emotional and spiritual needs of Adults, Children, Adolescents, and their Families.

Built in 1905, The historically significant building at 114 West Main Street, served memorably as downtown New Britain’s post office from 1910 to 1979 before being converted to office use. Jasko Development purchased this landmark in 2022. The property is now newly renovated with updated interior, exterior, infrastructure, landscaping and parking areas. It offers 19 unique business office suites that range from 500 square feet to 4,000 square feet. Each of which is attractive for lease as law offices, insurance, non-profit or business use. Conveniently located in thriving downtown New Britain, nearby to the CT Fastrak terminus, highway routes 9 & 72 and local bus routes,

Jasko Development LLC, founded in 2007, is a commercial real estate investment, development, and management company specializing on working closely with city officials and community leaders to provide a robust mix of live-work-play elements within the community. Jasko has several downtown New Britain projects in their portfolio, including the Brit, the Highrailer and the Strand. Jasko is currently delivering a total of more than 1,100 multifamily residential units to urban and suburban markets.

June 1, 2024, NEW BRITAIN, CT –  Jasko Development LLC, announced today that the nonprofit education advocacy group, 50CAN (The 50-State Campaign for Achievement Now) has signed an office lease for 5,414 sq. ft. of office space in the Jasko Development office building at 114 West Main Street, New Britain.

50CAN is a nonprofit education advocacy and tutoring organization that offers programs that engage local leaders in the education advocacy movement. 50CAN currently operates policy campaigns in nine states.

Avner Krohn, CEO of Jasko Development is enthusiastic for the new tenant, saying, “We welcome 50Can to our building and to the growing downtown of New Britain. The increased demand for office, retail and apartments in downtown New Britain shows the growing vibrancy of the NEW New Britain.”

Having served as downtown New Britain’s post office from 1910 to 1979, 114 West Main Street is a handsome neoclassical building featuring marble public spaces, decorative plaster and terrazzo floors. Jasko purchased the historic 36,000 square foot building in 2022 and made extensive updates to the interior and exterior. Krohn has said “With parts of the original building dating to 1905, the Old Post Office is a gorgeous structure and a true piece of downtown New Britain history”.

Jasko Development LLC, founded in 2010 is a commercial real estate investment, development, and management company specializing on working closely with city officials and community leaders to provide a robust mix of live-work-play elements within the community. Jasko has several downtown New Britain projects in their portfolio, including the Brit, the Highrailer and the Strand. Jasko is currently delivering a total of more than 1,100 multifamily residential units to urban and suburban markets.

Breaking ground Tuesday on his third major apartment complex in downtown New Britain in the past two years, developer Avner Krohn said the transformation of the city’s center is undeniable. Breaking ground Tuesday on his third major apartment complex in downtown New Britain in the past two years, developer Avner Krohn said the transformation of the city’s center is undeniable.

A $500,000 grant from the city along with the state’s $4 million will make it feasible to build The Strand with an affordable housing component. 20% of the 100 unit mixed use building will be set aside for people with middle to low incomes. Gov. Ned Lamont announced that $4 million from the Connecticut Communities Challenge Grant program will go toward The Strand. That funding program is run by the state Department of Economic and Community Development to create new jobs.