Top Adding - Real Estate

Eastern Connecticut leads the State in job growth and likely will continue for the next tens years. Economic growth in Eastern Connecticut is booming with major projects underway or proposed. Half way between Boston and New York and 30 minutes to Providence. Home

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

to Foxwoods Resort and Mohegan Sun casinos, Eastern Connecticut is very similar to central Florida when Disney World opened.

Current Projects:

Utopia Studios: proposed $1.6 Billion movie studio, theme park and entertainment center. Expected to create 22,000 new

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

jobs when the project begins in 2007. Once completed the Studio is expected to attract an additional 8 to 10 million visitors a year to the area.

North Stonington Studios: a $1 billion movie studio proposed by Frank Capra Jr., president of EUE/Screen Gems Studios

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

in Wilmington, N.C., The project includes movie studios, an academy of arts and sciences, a high-end retail village with 20 to 30 shops and restaurants and a 200-room hotel on 488 acres near Interstate 95 in North Stonington.

Center of Excellence, Plainfield: pr

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

oposed by Global Enterprise and Associates, the center, which will be housed in the old Plainfield High School on Route 12, will be home to three separate, but collaborative, businesses geared toward education, health care and entertainment.

Norwich Harbor Redeve

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

lopment: a $500 million 37-story twin condominium towers at the marina, an upscale theme park on Hollyhock Island, a retail plaza above Chelsea Harbor Drive and 100 high-end housing units where the Norwich Police Department now sits.

Wauregan Hotel Redevelopment:

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

Downtown Norwich, preservation and adaptive re-use of historic 1855 Wauregan Hotel into 70 units of moderate income housing, 4,000 s.f. of /retail space, ballroom restoration, and 100-space parking garage. Completed by Becker & Becker of Fairfield, Connecticut.

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ohegan Sun: celebrating their ten years anniversary, Mohegan Sun continues to evolve. The Tribe has hired an architectural firm which is in the midst of developing a master plan for the casino resort. The Tribe also recently purchased a golf club and country club

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

in Franklin.

Foxwoods Resort: $1 billion expansion will add 2 million square feet to the complex. The expansion, expected to be completed by 2008, will include a 825-room hotel, a new casino, a 5,000-seat concert theater, six nightclubs and restaurants, and a 21,

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

000-square-foot luxury spa.

Storrs Center: a mixed-use town center and main street corridor at the crossroads of the town of Mansfield, and the University of Connecticut. Storrs Center Alliance, LLC, an affiliate of LeylandAlliance LLC, Tuxedo, New York, is the

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

master developer. PROJECTED MIX includes Market Rate Rental: 200-300 units, For Sale Residential: 400-500 units, Retail/Restaurant: 150,000-200,000 s.f., Commercial (office): 40,000-75,000 s.f., Civic and Community: 5,000-25,000 s.f.

Windham: retail expansion

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

including Lowes, nearby Walmart, Home Depot, Sears and busy growing retail area. The downtown revitalization and growing arts district including the now open Arts School, Artspace, and Bridge of Flowers. Redevelopment of Nathan Hale and Hooker Hotel.

Killingly Co

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

mmons: developer Ceruzzi Holdings, project for 470,000 sqft of retail space will serve the busy Route 395 corridor in Northeastern corner of the State. Leases have already been signed by Stop & Shop, Target, Lowes, Staples, Applebees, and McDonalds.

The State cu

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

rrently has generous tax incentives for developers and businesses in designated communities.

Enterprise Zone Program benefits can include: a 5-year, 80% abatement of local property taxes on all qualifying real and personal property that are new to the Grand List

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

of the City/Town as a direct result of a business relocation, expansion or renovation project; and a 10-year, 25% or 50% credit on that portion of the Connecticut Corporate Business Tax that is directly attributable to this business relocation, expansion or renova

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

tion project as determined by the Connecticut Department of Revenue Services and as provided under section 12-217(e) of the Connecticut General Statutes.

Windham has been designated an Entertainment District, giving certain entertainment related types of business

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

es, as defined by statute, eligibility for full Enterprise Zone level benefits, if they complete an eligible project anywhere within the municipality. Within the Entertainment District any type of real property improvement is eligible for an enhanced property tax

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

benefit.

Griswold , Killingly, Lisbon, Plainfield, Putnam, Sprague, Sterling and Thompson are towns of the Eastern Enterprise Corridor. Benefits for eligible projects in an Enterprise Corridor Zone are identical to those in an Enterprise Zone.

Investors continue

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

to be active in the region, looking for investment properties of all types. Especially in demand are net-leased properties with credit tenants, and residential income properties. The demand

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

for warehouse and flex space continues to be strong with very little new supply coming into the market. Eastern Connecticut is expected to experience sustained growth for many years with a lot of activity in the commercial, industrial and retail real estate areas

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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