LOV

i guess having a tenant is better than not, but i don't quiet get why big fascination or push for having more banks in that space? i think having a bank branch downtown is probably one of the worst things you could do to that space, unless you want to make it pretty much useless for the term of the lease. how many banks do you really need on the corner of asylum and trumbull? a single atm machine would be enough. the foot traffic that you're talking about probably won't make a difference, being it's during the day and i doubt any place is struggling during the day in downtown while people are working there. the bank most likely won't be open on the weekend, just an entrance to the atm machine; and even if it was, how many people do you actually think will drive out from suburbia into downtown to do their banking? i bet close to 0. also, i doubt that anyone going out to downtown hartford is going to base their decision based on if XXXX bank has an atm machine downtown or not. yes, i guess it's great there there will be 10 or whatever new people working in downtown hartford and it's a new business that's going to get taxed, but it's a drop compared to what that place would contribute if it was actually taken by some sort of a retail/restaurant business. i suppose beggeras can't be choosers though.

the guy must have a relative that owns a construction/paving company.

who the hell is going to ride that bus? i don't want to go to nb in my car, why would i ever opt to take a bus there ?

as you can see this place is a sad story. nyberg is no longer involved with the place... i guess how long can you bleed 300+$/month for condo fees for 35 unsold units + your payments to banks. these 35 units are now all rented out by a separate company; i'm not sure how they're planning on selling them if you have leases signed on all of them, and they're rented for what, $1400/month? once again, that's some funny math and i can't imagine how the new owners are making profit and will be able to sustain having owning these 35 units and for how long.

May I ask where you pulled that number from? Two month I was considering buying a condo in the building and no large commercial bank would approve the mortgage because the owner occupancy is nowhere near 40%; hell, it's not even nowhere near 30%. As I understand, I doubt there are more than 20 units that have "owners". Nyberg couldn't get rid of them and now some other holding company took over his share. You can see this by who's the listing agent, the girl works for someone else and not the College St. Those apartments are rented, you can see from the windows, but they're far from owned.