Mixed-use apartment building proposed after $10.5M purchase of Farmington Marriott

Excerpt from the Hartford Business Journal website: A proposed construction project would convert the former Hartford Marriott Farmington into a mixed-use apartment building featuring a new restaurant and function hall space.

CLP Farmington LLC bought the three-story building for $10.5 million, with the intention of converting it into 224 units of market rate studio, one-, two- and three-bedroom luxury apartments, said Jason Schlesinger, a principal at developer CLP Farmington LLC.

New York-based commercial real estate lending firm Maxim Capital Group, the project’s sole lender for the project, loaned $20 million for the purchase and renovations.

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