Spectra on Pearl

Spectra on Pearl was a redevelopment project that converted two derelict commercial properties into 258 studio, one- and two-bedroom apartment homes. Girona Ventures and Wonder Works of New York are the same owners, developers, and construction group that successfully converted the former abandoned Clarion Hotel on Columbus Boulevard in downtown Hartford into 190 luxury units.

101 and 111 Pearl Street

The redevelopment occupies half of a prominent block in the city center. The taller and younger of the duo is 101 Pearl, a 12-story structure at the corner of Lewis and Pearl Streets. Built in the 1970s as an office building, it served as a police substation and later housed the Hartford Police Museum on the ground floor. The second of the pair is 111 Pearl, a seven-story office structure built in 1950 by M.J. Neidtz and Company. It sits on the corner of Pearl and Trumbull Streets. The Neidtz Building was state-of-the-art for its time, with an air-conditioning system that allowed each office to control the dual heating and cooling system. It is listed on the National Register of Historic Places. Tenants of the Neidtz included the Connecticut Bank and Trust Company’s Pearl Street branch, the life and casualty division of Aetna Insurance Company, the Manufacturer’s Life Insurance Company, accountants, doctors and lawyers, with retailers on the ground floor[i].

[i] National Register of Historic Places

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CRDA provided a $15.5 million loan to the $50.6 million conversion. The redevelopment also received $4 million in State Brownfield funds, $3 million in historic tax credits, and $22 million in combined bank mortgages from Key and United Banks.

Property Amenities Include:

• 50 Seat Movie Theater
• Resident Library
• Fitness Center
• Rooftop Deck
• Game Room
• Stainless Steel Appliances
• 24-Hour Emergency Maintenance
• Secure Building
• Elevators
• Off-Street Parking (additional monthly fee)

Shops and retail are planned for the street level of both properties.