Grand Opening of Raphael Building Apartments Planned

By at August 24, 2017 | 3:30 pm | Print

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Jasko Development will soon have a Grand Opening of the Raphael Building Apartments in the CTfastrak Transit-Oriented Development Zone.

The grand opening and ribbon cutting of the Raphael Building Apartments at 99 West Main St. will feature an Open House With “Tours Of The New Apartments, Music, Light Nosh & Libations” on Thursday, August 31 from 5-7 p.m. The sixteen new apartments will bring this historic building back to life in downtown New Britain.

Jasko Development officials said they will return the New Britain’s historic 29,000 sq. ft. Raphael building to its past glory with the unveiling of 16 newly-outfitted one and two bedroom units within easy walking distance of the New Britain CTfastrak station. The transformation of this nearly 100 year old office building into an urban mixed-use apartment/retail complex can be a game changer for downtown New Britain, according to the press release.

“These apartments, so near to the CTfastrak station, and their ambitious conversion from dormant office space to very attractive market-rate apartments, make this project a shining template for transit-oriented development and perfectly complement the tremendous job that New Britain city leaders have done in revitalizing the beautiful Central Park and the entire downtown area,” said Avner Krohn, Jasko Development Chairman and CEO. “This reclamation project would not have gotten off of the ground without the SHIPPO historic tax credit program and the involvement of Eversource in that program. We couldn’t be more pleased with the work that has been done by all involved including the Mayor Erin Stewart and City leaders, Connecticut Main Street Center, my Jasko team and scores of tradespeople. Partnerships like these will encourage a vibrant revitalization of New Britain.”

Transitioning the nearly 100 year old building from a classic pre-war office building to modern apartment living gave Jasko the opportunity to save the elegant façade, grand bronze entryway, building directory and terrazzo hallways. Re-purposing the pre-war period office doors for use as apartment doors, now upgraded to meet current building codes, helped keep the historic integrity of the building. Now complementing this historic exterior is the complete floor-to-ceiling outfitting of one and two bedroom apartments with beautiful new granite counter tops, state-of-the-art heating and cooling systems, and tiled baths featuring jetted tubs.

In 2015, The Connecticut Main Street Center (CMSC) chose this ambitious project as one of its initial pilot “Come Home to Downtown” program. This CMSC program encourages the creation of more vibrant main streets through the conversion of under-utilized downtown properties into much needed housing stock by offering guidance and advice on the best practices concerning the financing, architectural, legal, tax incentive and permitting issues. Built in 1925 by New Britain businessman Louis R. Raphael, the Raphael Building was placed on the National Register of Historic Buildings in 2016.

No stranger to the rejuvenation of New Britain’s historic buildings, Jasko Development has completed similar projects with the refurbishing of the nearby Andrews Building in 1996 and Rao Building in 2008, creating viable mixed-use properties in buildings that were once derelict. Both buildings occupy prominent positions on Main Street in downtown New Britain.

Trailblazers in the development of multifamily, commercial, mixed-use properties, as well as turn-key healthcare facilities, Jasko is a privately-owned real estate company focused on developing, owning and managing a diverse portfolio of properties throughout the Northeast.

For rental Information contact Kevin Brissett at Jasko Development at 860-223-3434, Ext. 3.

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