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Luxury rental leading renaissance in Hartford.

Wonder Works Construction Corp. has made its mark on downtown Hartford with luxury rental Spectra.

The 12-story, 190-unit residence at 5 Constitution Place opened for leasing in mid-2015 as part of a surge of downtown development that has turned former office buildings and hotels into apartments that are filling faster than expected.

Spectra's amenities and rich history set it apart from the crowd and bring it up to 80 percent leased in less than a year.

"As with FiDi in New York, downtown Hartford was a business district that became desolate at night," said Joseph Klaynberg, Wonder Works chairman and founding partner. "But we saw an opportunity, and Spectra has led the charge in shifting the local mindset to downtown as a mixed-use neighborhood."

In 2011, Klaynberg and partner Jeffrey Ravetz purchased the former Clarion Hotel once owned by Maharishi Mahesh Yogi, guru to The Beatles.

In its latest incarnation, residents pass through an art-filled lobby with soaring 14-foot ceilings to get to their studio, one- or two-bedroom homes. All apartments have oversized windows, washer/ dryers, and updated kitchens with Blomberg refrigerators and European appliances.

The building's history as a hotel comes through in the bathrooms' spacious layouts and contemporarily upgraded water fixtures and shower heads. Additionally, second-and third-floor homes have office areas with separate entrances. Furnished and corporate apartments are also available.

The building hosts an array of amenities. Residents on the run appreciate the mini convenience store. There is a fitness center, yoga/Pilates studio, or half basketball court.

Freelancers and other remote workers who need a change of scene can work in the library or several of the building's lounges and work spaces.

There are Ping-Pong and billiards tables and a 46-seat screening room.

"Spectra helped redefine downtown Hartford as a new destination, and residents and retailers are taking notice," says Eric Brody, Wonder Works COO and Partner.

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Publication:Real Estate Weekly
Geographic Code:1U1CT
Date:Feb 24, 2016
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