Belfonti Companies, LLC Breaks Ground On A New Real Estate Development In Cromwell, CT

Belfonti Companies, LLC | May 05, 2020

Belfonti Companies, LLC Breaks Ground On A New Real Estate Development In Cromwell, CT
Belfonti Companies announces that it has broken ground on a $50 million dollar market-rate, luxury apartment home community in Cromwell, CT.  The new community will be built just off Country Squire Road near Route 372 and it will consist of 160 luxury apartment homes. The project will be constructed in phases, with the apartment homes delivered over the last 10 to 12 months of an 18 to 22 month construction period.  The property's amenities will include a 4,500 square foot community center, an outdoor swimming pool, and an outdoor lounge area with grills and fire pits.  The community will be pet friendly.  "This project will offer a different lifestyle than the existing apartments in Cromwell – a fully amenitized, professionally managed, Class A luxury apartment community," said Michael Belfonti, the founder and CEO of Belfonti Companies.

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The Swiss franc shock accelerates a development that has long been in evidence on the Swiss real estate market, which is that the lengthy period of stability is drawing to a close. The traditional real estate cycle, in which excess supply replaces the long phase of rising prices, is returning. This


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