There was an official ribbon cutting for the Raphael Building Apartments at 99 W. Main Street in New Britain Thursday night. Avner Krohn, President of Jasko Development happily showed off the project noting one of the new units has already been leased. “(This project) is a lesson for urban cities in the United States with a manageable downtown to make the investment to create urban housing and mix-use housing will change downtowns,” Krohn said.
The catalyst for the project was a 2015 grant through Connecticut Main Street Center’s Come Home to Downtown program, which funded a feasibility study for converting underutilized downtown buildings to housing units above retail. State historic tax credits were
also instrumental in making the development a reality, funding 25 percent of the project.
The night also marked the last appearance for CMSC retiring CEO John Simone, who praised Jasko and the development pointing out that these types of smaller, mixed-use project are the hardest to do, but Krohn is “unique” and always does a “beautiful job and keeps the cost low.
Apartment showings can be scheduled by emailing Kevin@jaskogroup.com.