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JASKO Development Announces New 20 Residential Apartment Units for Historic Downtown New Britain Building

FOR IMMEDIATE RELEASE:

May 9, 2019

JASKO Development Announces New 20 Residential Apartment Units for Historic, Downtown New Britain Building
NEW BRITAIN—Mayor Erin Stewart has announced that New Britain-based JASKO Development is undertaking a renovation of the historic Andrews Building at 132 Main St., where four floors will be converted from commercial space to 20, one-bedroom apartments to meet the growing demand for downtown housing.

“As more companies and development takes root in downtown New Britain, we are seeing an increased demand for housing for working professionals,” said Mayor Stewart. “When the first phase of Columbus Commons is completed later this year, over 100 new housing units will have been added to downtown New Britain. I applaud JASKO Development for their continued improvements in our downtown and their commitment to maintaining the historical integrity of our City’s remaining architectural gems.”

In keeping with the adaptive re-use of underutilized commercial space, such as in prior projects like the Rao/Sovereign Trading Building (160 Main St.) and the Raphael building (99 W. Main St.), Jasko is building the 500 to 700 square foot units with a distinctive style. Avner Krohn, Managing Partner of JASKO, says the units will appeal to individuals seeking “luxury” housing featuring high-end, distinctive finishes and other touches. The rents will be 20 to 30 percent lower than comparable units in Hartford and surrounding towns.

“The building will take on the décor of early 1900’s Prohibition era,” Krohn said. “We hope to build on the work we have done and I believe we will see a more vibrant downtown with all of the continued adaptive reuse of historic buildings. As with our projects, we will partner with the City of New Britain, Connecticut State Historic Preservation Office, and Eversource to make this beautiful building have yet another future! I would also like to thank the Downtown District and Gerry Amodio for their instrumental support and due diligence.”
The building is the site where in the 1920’s famed magician Harry Houdini performed one his great escapes while dangling high above Main Street. The building was designed by architect William Cadwell and bears the name of John A. Andrews, who sold furniture.

The five story, 28,473-square-foot building featuring yellow brick, limestone, and terra cotta, was constructed in 1903 and features hardwood floors, fireplaces, and high ceilings.

Krohn says that the project will also include space in the basement and first floor for two to three bars/restauarants. The project is expected to be completed in the mid/end of the first quarter in 2020. For details and pre-leasing reservations, contact kevin@jaskogroup.com


Media Contact:
David R. Huck
dhuck@newbritainct.gov
860-518-6157


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