Tuesday, July 22, 2014

East Hartford Finicial Servies Company Considering Moving Home Office to Willimantic

Former Willimantic Trust Building

While it maybe early in the process an East Hartford company is looking at various Willimantic commercial properties to relocate their home offices to downtown Willimantic from Founders Plaza in East Hartford.

Presently 1st Alliance Lending LLC is working with the Town of Vernon on a $120 million redevelopment proposal to relocate its East Hartford offices to the Rockville section of Vernon. While Vernon economic director, Shawn Gately, claims the project is moving ahead there are problems centered around the four key property owners and their willingness to sell the property needed  to bring this project together.

Meanwhile Willimantic has evolved into a backup location in case the Rockville proposal fails to materialize.

1st Alliance's Rockville proposal  envisions a system of buildings with office space over street-level shops and restaurants The building (s) itself would cover 350,000 square feet, 200,000 of which would be office space on the second and third floors and 150,000 square ft of retail space below.  Two parking garages with 1,300 to 1,500 parking spaces are planned for the Rockville parcel, 80% of which would be underground. The developer expects to bring 200 jobs to the Rockville site in 2016 growing to 2000 workers by 2020.

1st Alliance representatives have made several visits to downtown Willimantic looking at potential acquisitions. Building being considered include:
  • Former Willimantic Trust Co. presently owned bu ECSU Foundaion
  • Potpourri/Signs Plus adjacent the footbridge
  • Hurley Building
  • Former Agway adjacent Frog Bridge
  • Former Willimantic & Coal  on Church St
  • Former Jillson Cinemas 

Jillson  Cinemas

Potpourri/Signs Plus
Hurley Building

Journal Inquirer
Aug 2, 2013
Hartford Courant
Aug 2, 2013
Hartford Courant storyNov 1, 2013