280 Apartments Underway at Great Pond in Windsor, CT

Nearly a decade since plans for Windsor’s Great Pond mixed-use development first aired, construction is underway on a 230-unit apartment community in the master-planned community.

Fairfield residential developer Eastpointe LLC since last Nov. 1 has been constructing on 12 acres acquired from Great Pond’s owner the first of eight buildings that will comprise Eastpointe’s The Preserve at Great Pond, Eastpointe co-managing partner William R. Finger said Tuesday.

That first building will house 50 apartments on four floors and is slated to be ready for occupancy by late August, Finger said. The other buildings, all completed in stages one year later, will have three floors and will house 12, 24 or 36 units, ranging from studios and one-bedroom apartments to two- and three-bedroom units. Rents will run from $1,400 to $2,400 monthly, he said.

The Preserve is the first development on Great Pond since owner Winstanley Enterprises LLC, of Concord, Mass., one of Connecticut’s biggest commercial landlords, in 2010 bared its ambitious vision for a mixed-use development on 633 acres fronting Windsor’s active Day Hill Road corridor.

Winstanley is a partner in redeveloping Great Pond with ABB Group, owner of the former Combustion Engineering nuclear-boiler production/testing facilities that once occupied the site.

Winstanley officials referred inquiries about The Preserve to Eastpointe, which is no stranger to the Hartford region. In 2014, it began development of Simsbury’s 168-unit Eastpointe at Dorset Crossing apartments off Hopmeadow Street.

In July 2017, Eastpointe sold Dorset Crossing for $36.5 million, or $217,000 per unit.

The Preserve, occupying a site fronting Day Hill Road and in the shadow of Hartford Financial Services Group Inc.’s Windsor office building, will offer many of the amenities increasingly popular with the Hartford region’s urban and suburban apartment dwellers, Finger said.

A 6,000-square-foot clubhouse also under construction, Finger said, will feature a fitness center; golf simulator; cafe; a resorts-style swimming pool; outdoor bocce court; and a firepit.

For more active residents, The Preserve will offer free loaner bicycles; and a ¾-mile walking/jogging trail ringing Great Pond’s 16-acre pond.

Originally bared in Dec. 2010, family-run Winstanley Enterprises touted Great Pond as a $750 million project that was to be a mix of single-family and multifamily housing aimed at a wide demographic. Fully developed, it also would include hundreds of thousands of square feet for neighborhood retail, office and research and development space.

But last August, Winstanley’s patriarch, David Winstanley, indicated in papers filed with Windsor a shift in his development vision for Great Pond.

According to area commercial brokers, Winstanley Enterprises lately has pitched a portion of Great Pond’s acreage available for development into a pair of mammoth industrial distribution facilities — each around 500,000 square feet — like the kind that have sprouted or under construction in Windsor.

Online retail giant Amazon occupies a sprawling, 1.4 million-square-foot fulfillment center adjacent to Great Pond.

http://www.hartfordbusiness.com/article/20190129/NEWS01/190129925/1004?utm_source=enews&utm_medium=HBJToday&utm_campaign=Tuesday


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