100 College Street is a $200 million development that represents the first phase of the City of New Haven’s Downtown Crossing Initiative to facilitate urban development and revitalization. The 14-story, 513,000 square foot, LEED-Certified office/lab/biotech building includes an 850-space garage and a rooftop garden.
Winstanley played a key role in the project by collaborating with key stakeholders to develop the overall plan, seek public input, apply for and create new zoning for the project. Construction coordination included shutting down and rerouting a State Highway and managing a construction site surrounded on all four sides by city streets. We’re proud to have been such an integral part of an Initiative that serves as the cornerstone of the State of Connecticut’s life sciences initiative and is reinvigorating a livable, walkable community with local and regional connectivity.
Elmwood Plaza in West Hartford, CT is a 79,000 square foot neighborhood retail center that was developed on a former brownfield site in a dense urban neighborhood. The site was originally home to Jacob’s Manufacturing — their activities contaminated the property in the 1970s which resulted in both Federal (EPA) and State of Connecticut (DEP) oversight of the land.
Winstanley acquired the site in 2008 with the goal of developing a grocery-anchored, neighborhood shopping center. Upon acquisition,successfully executed a 20-year lease with Stop & Shop Supermarkets. The development of the center was complicated and the project included extensive PCB remediation and coordination with the DEP and EPA during heavy winter conditions and torrential spring storms. We also led the rezoning and permitting process needed to develop a grocery-anchored retail center. Elmwood Plaza opened in 2010 and won “Best in Class” Commercial Project for 2011 by the Real Estate Exchange in Connecticut.
In January 2017, Winstanley acquired 300 Shaker Road in Enfield, CT as part of our growing Logistics & Distributions Properties portfolio. The property is a 445,600 square foot high-image distribution facility featuring 48 foot clear heights, super flat floors, racking with more than 35,000 pallet positions in place, abundant loading, and other key amenities such as redundant systems.
The facility is 100% occupied by Advance Stores, Inc. which is the largest automotive aftermarket parts provider in North America. Headquartered in Roanoke, Virginia, the company operates approximately 5,100 Advanced Auto Parts retail stores, 126 Worldpac branches and serves approximately 1,300 independently owned Carquest branded stores in the U.S., Puerto Rico, the U.S. Virgin Islands and Canada. Advance Stores invested significantly in this facility to ramp up distribution to its northeast businesses and improve product availability for customers along the East Coast.
Enfield is well situated, midway between Springfield, MA and Hartford, CT, and it is strategically located off of I-91, central Connecticut’s primary north-south corridor connecting Hartford, New Haven and points south with Vermont & western Massachusetts. I-91 also intersects MA I-90 providing direct east-west access into Boston, MA and upstate New York via Albany.
Page Field Commons is a best- in-class, 319,400 SF, multi-anchored retail center located on 45 +/- acres along US Highway 41, in Fort Myers’ premiere shopping district.
The stabilized property features an anchor line-up of leading retailers including Dick’s Sporting Goods, Marshalls, Best Buy, Old Navy, PetSmart, Party City, Toys “R” Us, and Five Below. In addition, Page Field Common’s nine improved outparcels (plus one undeveloped pad) are well-distributed across the site, affording excellent visibility to inline tenants while drawing traffic into and through the center. The asset’s premium location, top-tier demographics, diverse tenant mix and strong sales performance underpin the opportunity, with managed lease rolls and quality property management, to secure long-term durable cash flow.
Page Field Commons is an attractive investment because of today’s price dislocation in the retail sector brought about by e-commerce competition. Despite global e-commerce pressures, best-in-class retail properties such as Page Field Commons will continue to appreciate in value with leading retailers continuing to adapt and grow their multi-channel marketing platforms, including dominant brick & mortar locations.