{"id":1004193346,"date":"2017-10-10T06:38:43","date_gmt":"2017-10-10T14:38:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004193346"},"modified":"2021-05-15T02:15:13","modified_gmt":"2021-05-15T10:15:13","slug":"jv-unveils-downtown-hartford-mixed-use-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-unveils-downtown-hartford-mixed-use-project\/","title":{"rendered":"JV Unveils Downtown Hartford Mixed-Use Project"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004193353\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Capture1.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004193353\" data-attachment-id=\"1004193353\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-unveils-downtown-hartford-mixed-use-project\/capture-128\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Capture1.png\" data-orig-size=\"879,659\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Rendering of Teachers Corner Hartford, Hartford, Conn.\" data-image-description=\"&lt;p&gt;Rendering of Teachers Corner Hartford, Hartford, Conn. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Rendering of Teachers Corner Hartford, Hartford, Conn. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Capture1.png?w=879\" loading=\"lazy\" class=\"wp-image-1004193353 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Capture1.png\" alt=\"Rendering of Teachers Corner Hartford, Hartford, Conn. \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Capture1.png 879w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Capture1.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Capture1.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004193353\" class=\"wp-caption-text\">Rendering of Teachers Corner Hartford, Hartford, Conn.<\/p><\/div>\n<p>A joint venture between RBH Group and Goldman Sachs Urban Investment Group has acquired a long-vacant commercial building in downtown Hartford, Conn., for $20 million. The partnership joined forces with Hartford\u2019s Community Solutions Inc., The Prudential Social Investment Group and the City of Hartford to redevelop the existing space into the Teachers Corner Hartford, an innovative mixed-use project.<\/p>\n<p>Located at 370 Asylum St., the building will be redeveloped to include 60 studios, one- and two-bedroom apartments. Thirty percent of the units will be affordable, while the other 70 percent will be market rate, pre-marketed to local teachers and offering housing\u00a0to individuals who wish to work and reside in a central urban location. Amenities will include space for educational opportunities and cultural performances, as well as 6,000 square feet of restaurant and retail space.<\/p>\n<h2>Prime location<\/h2>\n<p>The asset is situated in a highly transited area, with the Hartford Amtrak Station and Greyhound Bus terminal providing tenants and residents easy and fast access throughout the entire Northeast area. Neighborhood amenities include restaurants, hotels, parks, art galleries and entertainment options.<\/p>\n<p>Hunton &amp; Williams LLP Partner Laurie Grasso and Associate Douglas Hoffmann represented RBH Group in the transaction. The project follows the success of RBH\u2019s Teachers Village project in Newark, N.J.<\/p>\n<p>\u201c<em>Teachers Corner Hartford represents a unique <a href=\"https:\/\/www.commercialsearch.com\/news\/the-importance-of-public-private-partnerships-to-affordable-housing-financing\/\">public-private partnership<\/a> that will transform an underutilized urban area into a vibrant and important hub of activity,<\/em>\u201d Grasso said in a prepared statement. \u00a0<\/p>\n<p><em>Image courtesy of RBH Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBH Group, Goldman Sachs Urban Investment Group, and several other partners will develop Teachers Corner Hartford, which will bring 60 affordable and market rate units, with an additional 6,000 square feet of retail space. <\/p>\n","protected":false},"author":241,"featured_media":1004193353,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21783,21752,1600,21742,10],"tags":[33435,35793,37917,37919,37918],"class_list":["post-1004193346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-investment","category-mixed-use","category-new-york","category-latest","category-northeast","tag-goldman-sachs","tag-hunton-and-williams-llp","tag-rbh-group","tag-teachers-corner-hartford","tag-teachers-village"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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