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2017 Annual Review: Patrick McMahon of Connecticut Main Street Center


In 2018, commercial real estate professionals will see transit oriented development opportunities along the Hartford Line, CT Fastrak, Metro North and Shoreline East. Also, Connecticut’s legacy cities are seeing increased activity with a focus on ...


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2017 Annual Review: Patrick McMahon of Connecticut Main Street Center : NEREJ Home Sections Sections Appraisal & ConsultingConnecticutConstruction Design & EngineeringFinancial DigestFounders MessageFront SectionGreen BuildingsNorthern New EnglandOwners Developers & ManagersRetailRhode IslandSpotlights Subscriptions Subscriptions Subscribe Subscription Renewal Trial Newsletters Daily REcap Hot Property Alert Directory Events Summits Calendar Profiles Digital Sales/Leases About Founders Message Contact Contact Contact Us Media Kit Directory Events Summits Calendar Profiles Subscribe Subscribe Subscription Renewal Trial Newsletters Daily REcap Hot Property Alert Media Kit Contact   2017 Annual Review: Patrick McMahon of Connecticut Main Street Center December 29, 2017 - Front Section What was your greatest professional accomplishment in 2017? After 20 years of leading local economic and community development efforts in three communities in North Central Connecticut, 2017 brought a major professional career change In August, I took over the helm of the Connecticut Main Street Center (CMSC), a statewide nonprofit working to unleash the economic potential of Connecticut’s downtowns and Main Street areas At CMSC we espouse a comprehensive approach to creating healthy downtowns with a focus on placemaking, economic vitality, managed downtowns, environmental sustainability, inclusiveness and multi-modal transportation options We provide a range of educational and technical assistance services. What was your most notable project, deal, or transaction in 2017? After a decade of extensive planning for the revitalization of Windsor Locks Main Street, major progress was made on a number of exciting developments These included: 1) furthering plans for the relocation of the train platform for the new Hartford Line commuter rail system; 2) Beacon Communities pursuit of the redevelopment of the 250,000 s/f Montgomery Building into 160 residential apartment units; 3) beginning the restoration of the Historic Train Station which received a new roof; 4) completion of predevelopment work for parcels directly adjacent to the future train platform location; 5) design of a $3 million streetscape project; and 6) and new sidewalks and access improvements for a mixed-use property along Main Street. This activity will signal to the private sector that Windsor Locks Main Street is an attractive area for additional development going forward. What are your predictions for commercial real estate in 2018? In 2018, commercial real estate professionals will see transit oriented development opportunities along the Hartford Line, CT Fastrak, Metro North and Shoreline East Also, Connecticut’s legacy cities are seeing increased activity with a focus on bringing additional housing and mixed-use development to downtown locations Several communities have adopted, or are in the process of adopting, Tax Increment Financing Districts which is a useful new tool to encourage development and is a trend to watch. Print PDF (function() { // DON'T EDIT BELOW THIS LINE var d = document, s = d.createElement('script'); s.src = 'https://nerej.disqus.com/embed.js'; s.setAttribute('data-timestamp', +new Date()); (d.head || d.body).appendChild(s); })(); Please enable JavaScript to view the comments powered by Disqus More from the New England Real Estate Journal (adsbygoogle = window.adsbygoogle || []).push({}); Trending Stories Gluckman Tang develops master plan for Heritage State Park..ODMRelated Beal, Consigli Construction and Arrowstreet place final beam at 40 Water Stredevelopment..ODMNewmark Knight Frank completes $23.5 million sale of 55 Seaport Boulevard..RE This week's columnist: What apartment features do renters want for 2018? - by Rick Haughey (adsbygoogle = window.adsbygoogle || []).push({}); (adsbygoogle = window.adsbygoogle || []).push({});   Appraisal & ConsultingConnecticutConstruction Design & EngineeringFinancial DigestFront SectionGreen BuildingsNorthern New EnglandOwners Developers & ManagersRetailRhode Island New England Real Estate Journal • 17 Accord Park Drive #207, Norwell MA 02061 • (781) 878-4540 • Contact   (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-77684368-1', 'auto'); ga('send', 'pageview');

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