101 Pearl Street
101 Pearl St
Address: 101 Pearl St, Hartford CT
Year Purchased: 2017
Property Type: Office to Residential Redevelopment
Property SF: 70,000 SF Residential
6,000 SF Commercial
Units: 158 Luxury Rental Apartments
Project Highlights: Originally built in the early 1960's, 101 Pearl St was one of the earliest modern office buildings in downtown Hartford. Over the years, occupancy declined and the building fell into disrepair. The partnership of Girona Ventures and Wonder Works Construction & Development Corp. identified the potential upside of the centrally located property, and acquired the building, along with the adjacent 111 Pearl St, in 2017.
Upon projected completion in 2019, 101 Pearl St will feature approximately 158 studio, 1 and 2-Bedroom luxury rental apartments. The units will be of efficient layout and contemporary design, including duplex units on the lower floors. We believe the unit mix we have created will both cater to, and draw more young people into the center of the city, where they want to be. The building will be re-skinned with a new curtain wall system, and the interior completely gut renovated to exacting standards. Participation from the Capital Region Development Authority and Department of Economic & Community Development was integral in getting this project off the ground.
The property will feature resident amenity space on every floor, including a fitness center, spa, 60+ seat movie theater, bocce ball court, indoor/outdoor rooftop lounge, gaming rooms, conference rooms and library/study space, as well as sharing the amenities of its sister properties 111 Pearl and Spectra Boutique Apartments.
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