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rown Point Capital, a Manhattan‑based real‑estate firm active in Connecticut, paid $1.5 million for a 1.6‑acre parcel at 413 Washington Ave. in North Haven. The property, located on the busy Route 5 corridor, was sold by a Brooklyn LLC headed by Elchonon Shilian and recorded on Oct. 28. Krown Point, founded in 2020, has already bought a 130‑unit apartment complex in Granby, launched three luxury rentals in northern Connecticut, and invested in a grocery‑anchored plaza in Ellington.

    Reggie Kronstadt, the firm’s founding principal, said the company is partnering with 7‑Eleven to build a prototype convenience store featuring modern amenities. The project is part of a new strategy to construct purpose‑built buildings for national brands. Kronstadt noted that Krown Point is negotiating several additional sites and aims to scale its retail development across the Northeast and New England.

    Construction has begun on the North Haven site, which will house a 4,824‑sq‑ft store and six fuel pumps (two per station). The design includes infrastructure for future electric‑vehicle charging. 7‑Eleven will sign a 15‑year triple‑net lease, covering taxes, insurance, and maintenance. Kronstadt praised the addition to a strong retail corridor and highlighted the support from North Haven officials, especially First Selectman Michael Freda.

    Dan Zelson of Charter Realty Co., along with Robert Horvath and Matthew Nadler of Horvath & Tremblay, brokered the purchase. Zelson noted the site’s proximity to a large Amazon distribution center, promising a ready customer base, and is marketing 5.9 acres of adjacent land for development. He expressed enthusiasm for activating the remaining property.

    Kronstadt’s firm also manages two office buildings 29 miles from New York City—one fully leased, the other nearly full—and has assembled Manhattan assets for a planned residential high‑rise with ground‑floor retail.