Twenty one-bedroom apartments and space for two or three bars or restaurants will be available after the restoration of the historic Andrews Building, Mayor Erin Stewart and Jasko Development have announced.
The restoration by Jasko is expected to be completed by the end of the first quarter of 2020.
This project is a way of meeting the growing demand for housing in downtown New Britain, according to Avner Krohn, CEO of Jasko Development.
Downtown New Britain will add 20 more apartments through landlord Avner Krohn's planned makeover of one of his center-city properties.
Developer Avner Krohn is doubling down on his bet that there’s rising demand for apartments in downtown New Britain. Krohn, whose company converted the Raphael Building into housing in 2017, announced this week that he’ll turn four floors of the five-story Andrews Building into apartments.
Krohn’s Jasko Development plans to remodel the Andrews into 20 one-bedroom units by early next spring. Krohn said they will feature high-end detailing but will rent for 20 to 30 percent less than similar apartments in Hartford or nearby suburbs. His company has performed somewhat similar conversions of the Raphael Building at 99 Main St. and the Rao Building at 160 Main St.
Jasko Development, LLC announces the ground-up construction and leasing of a 3,230 SF American Family Care Urgent Care medical center at 1171 East Main Street in Torrington Connecticut. The facility includes eight exam rooms, a procedure room, a dedicated X-ray room, and ample parking on .50 acres.
The Jasko Development Build-To-Suit project was completed in 18 weeks, from groundbreaking to ribbon-cutting.
Jasko Development, LLC announces the leasing of home-style restaurant space in the historic Rafael Building. Catering to the “grab and go” clientele, the new venture will offer tables for those that prefer to dine-in.
The Renovation of the 29,000 SF Raphael Building was completed by Jasko Development, LLC in 2017 with the successful conversion of 14,900 SF of abandoned office space into sixteen luxury apartments over the eight street-level retail spaces. The Rafael Building project is the third historic reclamation project successfully completed in New Britain by Jasko Development.
Jasko Development announces that it has sold two of it’s iconic preservation project properties in downtown New Britain. Jasko specializes in the acquisition and rehabilitation of neglected, historically significant properties that show promise as mixed use holdings. Jasko’s successful rehabilitation of each of these downtown buildings from derelict shells into thriving, fully occupied mixed-use buildings has helped to energize the revitalization of downtown New Britain.
Jasko Development, LLC announces that it has sold the shopping center at 450 South Main Street New Britain to Jericho Realty, LLC of South Windsor, Connecticut. The two-building complex consists of a 2,992 SF, one-story, Columbia Dental Office and a six-occupant, 8,308 SF retail strip plaza with additional separate storage units located in the rear.
NEW BRITAIN - Visit downtown New Britain and you'll see a change. The city of 73,000, consigned to the New England rust belt after most of its factories closed and two highways split the city, is making a comeback.
Business leaders cite the CTfastrak rapid bus system, transit-oriented developments and pedestrian-friendly streets as signs of a nascent, but visible rebirth. They also credit Avner Krohn, a 35-year-old developer from Long Island.
Though Krohn's company, Jasko Development, owns multiple properties in Connecticut and New Jersey, his five buildings in New Britain cover over 100,000 square feet worth more than $10 million.
NEW BRITAIN - A ribbon-cutting ceremony marked the official opening of the Raphael Building Apartments Thursday on West Main Street.
“It’s a momentous day for all of us,” said President of Jasko Development Avner Krohn.
Jasko Development returns New Britain's historic 29,000 sq. ft. Rafael Building at 99 West Main Street to its past glory with the unveiling of 16 newly-outfitted one and two bedroom luxury units. Built in 1925 and added to the National List of Historic Buildings in 2016, the transformation of this iconic office building into an urban mixed-use apartment/retail complex can be a game changer for downtown New Britain. A ribbon cutting ceremony will take place on Thursday, August 31, 2017 from 5-7 p.m.
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