Winstanley Property Management Llc

Winstanley Property Management Llc – 1 of 8 View of the 101 College Street biotech building to be built by Carter Winstanley Added photosShow moreShow less

2 of 8 The location of a biotech research building to be built at 101 College Street (left) in New Haven across from Alexion Pharmaceuticals (right) on July 22, 2020. Arnold Gold / Hearst Connecticut MediaShow moreShow less

Winstanley Property Management Llc

Winstanley Property Management Llc

4 of 8 The location of a biotech research building to be built at 101 College Street in New Haven across from Alexion Pharmaceuticals (far right) on July 22, 2020. Arnold Gold / Hearst Connecticut MediaShow moreShow less

Million Bioscience Building Project In New Haven Clears Last Hurdle

5 of 8 The location of the biotech research building to be built at 101 College Street (left) in New Haven across from Alexion Pharmaceuticals (right) on July 22, 2020. Arnold Gold / Hearst Connecticut MediaShow moreShow less

7 of 8 Land at 101 College Street in New Haven earmarked for development. Arnold Gold / Hearst Connecticut MediaShow moreShow less

NEW HAVEN — The final approvals needed to get the $100 million biotech research building built by Carter Winstanley fell through Wednesday, and work is expected to begin this summer.

The project is welcomed not only by city officials, but also by biotechnological companies that are looking for space to grow here, as well as those that need space in incubators. A total of 30 companies based on Yale University research are looking for specially equipped laboratory spaces, according to experts in the field.

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Land at 101 College Street in New Haven for development. Arnold Gold / Hearst Connecticut Media

The opt-out — a unanimous vote by the New Haven Development Commission — was followed by a state bond commission vote on $3 million in infrastructure work needed to move the large development, known as 101 College Street, on the ground. sourced from the Route 34 corridor.

The building will house a privately owned public plaza, a biotech training program for urban students and a workforce of 700 to 1,000 permanent jobs and 1,000 construction jobs.

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The 4.5-hectare state-owned property will be transferred to the city, with almost 2 hectares handed over to Winstanley Enterprises. The company plans to begin construction on the 12-story, 500,000-square-foot dedicated laboratory, research and incubation space this summer, with completion expected by November 2022.

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Since Winstanley first publicly announced his intention to build 101 College Street in January, the plan has had numerous public meetings with community management teams, as well as approvals from the City Plan Commission and the Board of Alders, who also updated zoning rules that reward the use of green building techniques.

Attorney Caroline Kone, representing the company, said it meets all the requirements of the City Development Plan, including design elements. She said the developer will contribute $500,000 to scholarships and training for students and has an agreement with New Haven Works to hire staff with an emphasis on New Haven residents.

The $3 million in bond money is part of $8 million from the state that will be released over time for the project. The initial funds will be spent on the design and construction of tunnels, access roads and improvements to urban sidewalks associated with the construction.

Winstanley has agreements with the Parking Authority for spaces at Temple Street Garage and Temple Medical Garage, which will be linked by bridges to 101 College Street. A 117-space underground parking lot will also be built on the property.

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The project is part of Downtown Crossing, which is reclaiming about 12 acres of the disappearing Route 34 connector, where the city plans to continue attracting private developers. Winstanley’s first project here was a 14-story laboratory building at 100 College St. that now houses the Yale School of Medicine and the Alexion Pharmaceuticals building, a project that also has an 850-car garage.

The new building will generate taxes for the next 30 years regardless of whether a nonprofit or institution like Yale University ever buys it.

The purpose of Downtown Crossing is to reconnect the Hill District with the downtown business district. The major ongoing infrastructure project is supported by a $20 million federal TIGER grant, as well as city and state funds.

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Work continues on the second and third phases of Downtown Crossing, requiring close coordination with Winstanley developments. The second phase will connect Orange Street to the Hill District, with the final phase connecting Temple Street via Route 34.

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In addition to biology labs, the new building will have space for small businesses that qualify through Elm City Innovation, iHaven and the New Haven Small Business Academy. The Yale School of Medicine will also rent space in it.

In May 2020, a notice was attached to the railing at 101 College Street in New Haven regarding the transfer of land from the state at that location and the approval of a development and disposition agreement for the lot. Arnold Gold / Hearst Connecticut Media

A 19,912 square foot public plaza is one of the main features, as is an internal walkway open to the public during business hours that will allow for an easy walk to the train station.

The Connecticut Economic Resource Center estimates that each life sciences job creates 2.9 additional jobs in the region and about $179 million in indirect wages for the project.

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Winstanley has developed more than 1 million square feet of laboratory space at approximately five locations in New Haven.

“High-quality laboratory space is essential to New Haven’s economic development in the science and technology sectors, and the state investment will further strengthen New Haven’s leadership in this increasingly important part of our economy,” Sen. Pro Tempore Martin Looney, D-New Haven, said.

State Rep. Al Paolillo, also D-New Haven, thanked Gov. Ned Lamont for working with the delegation to secure the release of funds “to build the necessary infrastructure that will continue to attract economic development to our city in education and biotech. hallway.”

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“It goes hand in hand with the city’s economic development plan to grow jobs, our big list, and continue to attract business and investment to the area,” Paolillo said.

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Mayor Justin Elicker said, “101 College is a project of national economic importance and with the help of Governor Lamont’s workforce team, this development will also be closely tied to the Hill District through Career High School workforce supply and scholarships for interested local students. in life sciences careers.” Winstanley Enterprises has acquired and developed more than 125 properties totaling more than 20 million square feet across a wide variety of asset classes, including industrial, life sciences, retail, office and multifamily.

Winstanley creates the competitive advantage needed to acquire and relocate properties and deliver significant capital appreciation for our institutional and equity investors.

Winstanley specializes in value-added construction management services to reduce development costs and tenant occupancy through informed process management and value engineering.

Winstanley provides tenants with a high level of service to operate and maintain properties in a high quality and cost effective manner.

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100 College Street was a $200 million, 513,000 square foot development that represented New Haven’s first modern life science building.

The logistics portfolio is 7.2 million square feet of modern warehousing, distribution and light industrial facilities located primarily in central Connecticut and Massachusetts.

Page Field Commons is a best-in-class, 320,000-square-foot, multi-anchor retail center that is now considered Southwest Florida’s dominant energy center.

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Grist Mill is a 32-unit apartment complex with an underground garage. The project was fully sold before the construction was completed.

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Winstanley’s aim is to provide excellent property returns for our investors, exceptional property options for our tenants and a positive contribution to the communities in which we invest. Contact us today to find out more. David Winstanley, founder of Winstanley Enterprises, has over 45 years of property development experience across a wide range of commercial property types, including multi-storey and flexible office, retail, industrial, warehouse and residential properties. He has acquired or developed more than 100 properties totaling more than 14 million square feet. In addition, he has also planned and developed nearly 3,500 acres of land for a variety of retail, manufacturing, multifamily and industrial companies, including EMC Corporation; Genzyme Corporation; CVS Corporation; The Home Depot, Inc.; The Stop & Shop Supermarket Company; TJX Companies, Inc.; Pepperidge Farm, Inc.; Digital Equipment Corp.; ADVO, Inc.; and ABB, Inc.

Prior to co-founding Winstanley Enterprises in 1990, Mr. Winstanley founded Winstanley Associates in 1973, where he focused on commercial, residential and industrial real estate development.

Carter Winstanley, founder of Winstanley Enterprises, has over 27 years of real estate development experience. He has developed a wide range of commercial real estate types with particular expertise in laboratory, biotech and technology. Since the late 1990s, Mr. Winstanley has acquired and redeveloped over 4 million square feet of commercial real estate valued at approximately $550 million. In New Haven, CT alone, Mr. Winstanley has acquired and renovated over 1.8 million square feet of commercial real estate.

Notable recent projects include construction of the 14-story, 513,000-square-foot Class A, LEED Platinum Life Sciences Building in New Haven

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