Lewis of Vidal/Wettenstein brokers $2.7 million sale at 60 Charles Street
Robert Lewis, partner at Vidal/Wettenstein, LLC, completed the sale of a well-known restaurant site located at 60 Charles St. This 5,728 s/f building on .55 acre was the home of the Arrow Restaurant, then Jasmine Restaurant, and most recently the Blu Parrot.
Lewis was the sole broker involved in this $2.7 million transaction between Liu and Chu, Inc., seller and Summit Development, LLC, the buyer. Legal counsel for the Liu family who owned and operated the Jasmine Restaurant at this site for 15 years, was provided by Charles Johnson of Westport-based Ottomano & Johnson Law firm.
The new owners are entertaining interest from several prospective tenants.
Avon, CT Chozick Realty - CRXE Group have completed the $42 million sale of Avon Woods Apartments, a 189-unit apartment community. Located on 47 acres, Avon Woods is a desirable apartment complex in the greater Hartford region. Residents have a combination of privacy with grounds, woodlands, walking trails and frontage on the Farmington River as well as being well located at the junction of Rtes. 10 and 44 with access to all of the town and the surrounding communities throughout the Farmington Valley, West Hartford and Hartford.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.