Metro Star Properties has purchased 254 – 260 Crown Street in New Haven, CT. The property includes the iconic Bar Pizza Brew House and Night Club as well as the famous Neon parking garage.
Metro Star plans on performing needed deferred maintenance and restoring the building's façade.
Robert Smith, Executive Director and Founder of Metro Star Properties said, "We look forward to adding these two incredibly well-located buildings to our growing portfolio of outstanding properties. Bar is an iconic New Haven business which has succeeded for decades and we look forward to helping them continue their success."
Metro Star is a boutique high-end developer specializing in New England urban locations, and is moving to expand their footprint in downtown New Haven with Residential and Retail properties.
Prime Location Near Major Employers
This strategic acquisition positions Metro Star Properties at the heart of Crown Street's vibrant corridor, within walking distance of Alexion Pharmaceuticals and Yale University. The location offers unparalleled access to some of New Haven's most significant employers and educational institutions.
Future residents will benefit from proximity to world-class dining at Louis' Lunch, cultural attractions, and the dynamic urban environment that makes Crown Street one of Connecticut's most desirable neighborhoods.
Preserving Historic Character
The acquisition of these landmark buildings demonstrates Metro Star's commitment to thoughtful urban development that preserves the character and culture of established neighborhoods. By maintaining Bar's operations while upgrading the building infrastructure, Metro Star ensures that new residential development enhances rather than displaces existing community assets.
The planned façade restoration will honor the building's architectural heritage while bringing it up to modern standards, creating an attractive environment for both commercial tenants and future residential occupants.
Expanding Downtown New Haven Presence
This acquisition expands Metro Star's growing portfolio of New Haven properties, complementing existing developments like Metro 297, Metro 301, and Metro 303 on George Street and Crown Street.
As a boutique developer with proven expertise in Milford and now expanding in New Haven, Metro Star brings a track record of creating luxury residential communities that serve professionals working at institutions like Alexion Pharmaceuticals and Yale University.