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  • Developer: Over the next two years, this CT downtown will add more than 500 new apartments

    09/21/2023


    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.

  • Developer plans $25 million apartment complex with $4 million in CT state aid

    08/14/2023


    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.

  • Bloomfield luxury apartments: dog parks, a pool, sauna, billiards, rents up to $4,000

    05/8/2023


    When it opens this summer, the new  Residences at Wash Brook, will include two dog parks: One for large dogs, one for small ones in the four-story complex. It will offer a 20-by-40-foot outdoor pool, dry sauna, a billiards room, a yoga room, a lobby library with a fireplace, an extensive fitness room, a 700-square-foot yoga studio, community garden, a golf simulator room, an outdoor kitchen with grill and tables, a bike storage room and more. Most of the apartments will have one or two bedrooms, but the complex will range from a junior one-bedroom of 517 square feet to the largest of the three-bedroom units with two bathrooms and measuring just under 1,600 square feet.

  • Jasko Development moves forward with two New Britain projects

    03/20/2023


    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 wai

  • Developer Krohn to relocate New Britain office to recently purchased former post office property

    02/28/2023


    Avner Krohn, a prominent apartment developer in New Britain and CEO of Jasko Development said the company will move its New Britain office to the city's former post office property at 114 West Main St. by the end of this month. Jasko purchased the building last June. The deal also included the purchase of 50 Court St., a 0.3-acre overflow parking lot. Krohn said he’s spending more than $1 million to renovate the property and lure new tenants. He said he’s had success so far in those efforts. The building currently houses 11 tenants and another six are expected to be added later this year.Jasko Development will occupy 3,000 square feet of space within the 36,530-square-foot office building.

  • Developer Krohn highlights 3 major apartment developments in downtown New Britain

    01/17/2023


    Jasko Development Principal Avner Krohn spoke at a Real Estate Finance Association (REFA) event in downtown New Britain and highlighted several ongoing real estate projects in the city’s downtown. The aim of the event was to highlight private/public real estate developments in the Hardware City.
    Krohn highlighted three of his ongoing projects in New Britain:

    • The Brit, a $20-million project at 267 Main St. will feature 107 units at market rate and 5,450 square feet of retail space and a restaurant.
    • The Strand, a $20-million-plus, 100-unit building on Main St. that will feature 4,000 square feet of restaurant and retail space. Construction is expected to start in late summer with occupancy slated for 15 months later. 
    • The Highrailer, a $25-million project at 283 Main St. that is under construction and scheduled to be completed with 114 units in December 2023. The project will also include 6,000 square feet of retail space and a restaurant.

    Krohn, who has had a long working relationship with the city, said he’s seen “a lot of young individuals coming and moving into the downtown for market-rate housing. These (apartment buildings) are still a significant discount to similar housing outside of New Britain. There is just not enough housing in the downtown, which is part of the problem. These projects are taking often dilapidated vacant buildings and vacant structures and turning them into vibrant properties.”

  • East Hartford OKs 470-unit Concourse Park, biggest apartment development in 50 years

    09/16/2022


    Hartford Courant (Don Stacom)

    Avner Krohn and Brian Zelman, partners in the Jasko Zelman 1 LLC development company, have said Concourse Park will be geared to people seeking plentiful amenities, stylish buildings and modern furnishings, all in apartments designed to accommodate lifestyles that involve more work from home.

    “This is going to be a premiere live, work and play community,” Zelman told planners this summer. “Lifestyles have really changed — people are spending more time where they live. We’re trying to create a community, almost a village feel.”

    Most apartments will include work nooks, and the complex will include more than 2,000 square feet of office space, Zoom rooms and conference space, Krohn has said.

  • Newest New Britain development plan: 100-unit apartment complex with two-story destination restaurant

    09/14/2022


    Fifty years after New Britain’s Strand Theatre closed, developer Avner Krohn is buying the city-owned property as the site for a new 100-unit apartment complex with a two-floor restaurant.

    The $20 million project will be themed in memory of the historic theater, and will be Krohn’s third major multistory apartment complex with ground-floor retail downtown.

    “The idea is to have an all-inclusive downtown where you can eat, sleep and work, with walkability and transit-oriented development,” Krohn said Tuesday.

  • New Britain to possibly sell city-owned building for planned 100-unit apartment redevelopment

    09/14/2022


    Hartford Business Journal
    The New Britain Common Council is set to vote tonight to authorize the $125,000 sale of a city-owned lot at 157  Main St., to a subsidiary of Jasko Development for plans to construct a 100-unit apartment building and two-floor restaurant to be known as “The Strand.”

  • 2022 Power 25 Real Estate: Avner Krohn

    07/18/2022


    Over the past 15 years Avner Krohn, CEO of Jasko Development has revovated many long-neglected buildings in New Britain, CT. In 2021, Avner Krohn launched his most ambitious New Britain project to date, a $14-million, 107-unit luxury apartment building in the heart of downtown New Britain. Avner is also expanding his reach by developing large multi-family residential and mixed use and projects in West Hartford Center, Bloomfield and East Hartford, CT.

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