From Brain Lockhart, CT Post:
Over seven years after New York City-based Time Equities Inc. purchased the apartment and commercial complex, among downtown’s taller structures, the real estate investment company has sold the property to an entity associated with Abraham Gottesman. The site went on the market in late 2024.
Gottesman is behind the new Soundview “luxury” residential building, a renovated former office tower at 855 Main St.
“We’re going to just continue doing improvements where they (Time Equities) left off,” he said Monday, emphasizing he is not looking to push out existing tenants.
“We want to make sure they feel comfortable,” Gottesman continued. “We’re not coming in to ‘retenant.’ Absolutely not.”
The announced sale price was $21.5 million. Municipal land records show Time Equities had paid $13.5 million in early 2019.
Full story here
