Media Advisory - TOMORROW - June 11 @ 11 AM Ground Breaking East Hartford
Chuck Coursey
MEDIA ADVISORY
FOR IMMEDIATE RELEASE
June 10, 2025
THE SIMON KONOVER COMPANY AND EASTPOINTE LLC TO BREAK GROUND ON BRAND NEW MULTI-FAMILY DEVELOPMENT IN EAST HARTFORD
150-Unit Apartment Community at 341 East River Drive to Bring New Housing, Amenities, and Conservation Land to East Hartford
WHAT: Groundbreaking ceremony for new, 150-unit, market-rate apartment development at 341 East River Drive in East Hartford, CT. The new community is a joint-venture partnership between West Hartford based The Simon Konover Company and Eastpointe LLC, a Fairfield County-based residential development firm. The Simon Konover Company has owned the 35-acre site for over 40 years.
WHEN: Thursday, June 11, 2026 at 11:00 AM
WHERE: 341 East River Drive, East Hartford, CT
(Adjacent to Great River Park and the CREC Academy of Computer Science and Engineering Middle School)
WHO: Greg Konover – President, The Simon Konover Company
William Finger – Co-Founder & Co-Managing Director, Eastpointe, LLC
Rich Kehoe – Chairperson, East Hartford Town Council
Connor Martin – Mayor, Town of East Hartford
Jason Rojas – State Representative & Connecticut State House Majority Leader
David Steuber – Executive Director, Capital Region Development Authority (CRDA)
Michael Weinstock – Regional President, M&T Bank, Northern Connecticut Region
PROJECT DETAILS
Residential Buildings & Unit Mix
The new community will comprise three three-story buildings and one four-story elevatored building, offering a mix of studio, one-bedroom, two-bedroom and three-bedroom market-rate units. Monthly rents range from $1,800 to $3,400.
· Studios – 21 units
· One-Bedroom – 36 units
· Two-Bedroom – 67 units
· Three-Bedroom – 26 units
Total: 150 units
Clubhouse & Amenities
· A 5,500 square-foot clubhouse will serve as the community hub, featuring a fitness center, golf simulator, game room, resident lounge, kitchen, music room, and pet spa
· Seasonal swimming pool, grill stations, pizza oven, fire pit, and dog park
· Direct access to Riverfront Recapture's trail system
· Private garages and electric vehicle charging stations
Conservation Contribution
Of the 35.3-acre site, approximately 10 acres will be developed with the remaining 19.7 acres of adjacent land donated to the Town of East Hartford as permanent conservation land.
FINANCING & PUBLIC SUPPORT
· Town of East Hartford – 8-year tax agreement
· M&T Bank – Three-and-a-half-year construction loan
· Capital Region Development Authority (CRDA) – 10-year loan
PROPERTY MANAGEMENT
The new community will be managed by Konover Residential Corporation.
ABOUT THE PARTNERS
The Simon Konover Company
West Hartford-based The Simon Konover Company is a full-service real estate development and management firm with deep roots in Connecticut. The company has owned the East River Drive site for over four decades and is committed to responsible development that benefits local communities.
Eastpointe LLC
Fairfield County-based Eastpointe LLC is a residential development company focused on market-rate multifamily properties in suburban communities along the New York-Boston corridor. Eastpointe recently completed Riverpointe, a 300-unit apartment development in Cheshire, CT — a key part of the larger Stonebridge Crossing project.
MEDIA CONTACT
Chuck Coursey