Day Pitney's Real Estate group recently closed the sale of Blue Back Square, West Hartford, CT, to Starwood Capital Group. Blue Back Square, a mixed use development, includes over 210,000 square feet of retail and restaurant space, 205,000 square feet of office space and 48 apartments.
Since 2002, Day Pitney has been lead counsel to the owner and developer, playing a key role in moving Blue Back Square from concept to reality in record time under very challenging economic conditions. Day Pitney was instrumental in negotiating and structuring a critical and creative public/private partnership with the Town of West Hartford, and provided legal assistance with all aspects of the ambitious redevelopment, including the environmental investigation and remediation of past contamination, zoning and wetlands approvals, property acquisitions, special service district tax and municipal bonds, joint venture agreements, construction and permanent financing, and condominium creation.
During the course of the development, Day Pitney successfully defended 11 lawsuits aimed at delaying the project until it was no longer financially viable. Blue Back Square prevailed in all lawsuits that were not otherwise withdrawn by the plaintiffs. Day Pitney also represented Blue Back Square in a lawsuit against the owners of West Farms Mall, alleging vexatious litigation, abuse of legal process, tortious interference with contractual and business relations, and CUTPA violations. This lawsuit concluded before trial with a favorable settlement for Blue Back Square.
Real estate partner Rosemary Ayers led the team for the sale of the project, assisted by real estate associate Marie Bertrand. Environmental partner Beth Barton brought environmental experience to the team with assistance from environmental associate Ailla Wasstrom-Welz. Commercial real estate associate Daniella Azevedo, paralegal Pina Salvatore and LAA Barb Halloran also assisted.
Day Pitney Alert
Boston attorneys William Pezzoni, Jared Ross and Justin Hannan gave a presentation on Qualified Opportunity Zones (QOZs) before Chamber of Commerce and City Economic Development members in New Bedford, MA.
On June 6, Von Sanborn will serve as the moderator at an Opportunity Zones program presented by the National Association of Corporate Directors (NACD) Connecticut Chapter and held at the Shore & Country Club in Norwalk, CT.
Day Pitney attorneys Von Sanborn and Justin Hannan will be speaking at "Qualified Opportunity Funds – A Primer for Attorneys," a program presented by the Boston Bar Association (BBA).
Dan Gottfried spoke on a panel, "The Qualified Business Income Deduction for Real Estate Investors and Professionals," at the 31st Annual Real Property, Trust and Estate (RPTE) National CLE Conference, presented by the American Bar Association and held in Boston, MA.
Craig Gianetti, a partner in Day Pitney's Real Estate & Land Use group, has been elected to serve as Vice Chair of the Land Use Law Section of the New Jersey State Bar Association (NJBSA).
Day Pitney Press Release
Peter Wolfson was mentioned in an article, "Over-Capacity Crowd for Madison Historic Preservation Commission's Hearing on Proposed Movie Theater Redevelopment," published by Tapinto.net.
Kate Coffey was mentioned in an article, "Planning Board Grants Preliminary Approval for Assisted Living Facility," published by centraljersey.com.
Jared Ross was quoted in an article, "Ultra-Rich Scout Direct Real Estate Investments," published by Banker & Tradesman.