BELFONTI COMPANIES BUILD MIXED-USE DEVELOPMENT IN ROCKY HILL
Bob Palermo, Bankwell’s senior vice president of commercial loans, said this was the second loan Bankwell had made to Belfonti companies. “We had previously granted a construction loan for by Michel Belfonti project in Cromwelland we are excited to be working with his team again as a lender for this new venture in rocky hill“, said Mr. Palermo.
The developer (Belfonti) plans to erect a mixed-use residential and commercial property on the site which will include 213 residential units, 5,000 square feet of office and 15,000 square feet of retail. The demolition of the Ames building is already underway and the Belfonti team have taken care of an extensive branding and interior design process which has included input from rocky hill municipal authorities as well as two professional companies: Stantec (www.stantec.com) and Helen Piteo Interiors (www.helenpiteointeriors.com). By unanimous decision, the new residential development will be called “Kelson Row” and the commercial part will be called “The Shoppes at Kelson Row”.
“The choice of name comes from the town of Rocky Hill’s historical importance as a shipbuilding community,” said Ray Carpentino, Director of Economic Development for the Town of Rocky Hill. “The word ‘kelson’ is derived from ‘keelson,’ which is the reinforcing structural member or backbone above the keel in the hull of a wooden ship,” he explained. .
“We liked the name because we expect Kelson Row to be a supporting member that strengthens the whole rocky hill community,” added Lisa Marottathe mayor of the city of rocky hill.
Belfonti also selected well-known professional firms Studio Architects (www.studioarchitects.us) for architectural services and SLR Consulting (www.slrconsulting.com) for engineering services for Kelson Row. “These professional teams will help us deliver another ‘best in class’ residential and commercial community,” said the developer, Michael Belfonti.
About Belfonti companies: Belfonti Companies, LLC (head office at Hamden, Connecticut) actively pursues real estate development and investment opportunities through United States and internationally. Belfonti Companies is a family of organizations that focus on the investment, development and management of real estate, thus playing an important and multifaceted role in the real estate market. Under the direction of Michael Belfonti (founder, president and CEO of the company), the company has successfully owned and managed millions of square feet of real estate over the years and completed billions of dollars in transactions. Currently, the group’s portfolio contains a wide variety of assets, including residential apartment communities, office buildings, shopping centers and industrial parks. www.belfonti.com
Belfonti Enterprises, LLC
2319 Whitney Ave, Suite 1A
Hamden, Connecticut 06518
Phone: (203) 230-1600
Fax: (203) 281-3366
SOURCE Belfonti Companies, LLC