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Thursday, April 27, 2006
Historic Capewell gets new investor
The long-anticipated conversion of the former Capewell Horse Nail Co. factory into condominiums may start by September, thanks to a new investor in the project: the New Boston Fund Inc., a real-estate investment fund that owns the new condominium complex at Pearl and Trumbull streets.
The project’s developer, John Reveruzzi, says he has signed a letter of intent that makes New Boston his new partner, according to the Hartford Courant.
The red-brick building, located on Charter Oak Avenue, between the Colt factory and Main Street, has been vacant for some time and vulnerable to vandalism.
# Posted by Kevin Flood at 7:42 AM
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