Estero Holding Company Breaks Ground on The Shoppes at Cottage Grove in Bloomfield

PeoplesBank banking center in Bloomfield, CTPeoplesBank and Sherwin-Williams to anchor new retail center as the bank continues to grow its Connecticut presence

BLOOMFIELD, Conn. — MACK V Development, through its subsidiary Estero Holding Company, will break ground on The Shoppes at Cottage Grove, a new retail and professional center at 529 Cottage Grove Road in Bloomfield, on Friday, May 22, 2026. The 15,359-square-foot development will be anchored by PeoplesBank and Sherwin-Williams, with additional space available for lease.

The site sits at one of Bloomfield’s most active intersections, with a dedicated signal at Northwestern Drive and Cottage Grove Road and a traffic count exceeding 22,000 vehicles per day. These attributes give the center strong visibility, easy access, and ample parking.

“This location has always had the bones to support a great retail center. It’s surrounded by strong retailers, medical offices, the University of Hartford, and hundreds of new apartments — all signs of a growing need for more options close to home,” said developer Mark C. D’Addabbo, Managing Member of MACK V Development and Estero Holding Company. “We’re thrilled to break ground with PeoplesBank and Sherwin-Williams as anchors, and grateful to Bloomfield’s town officials for being terrific partners every step of the way.”

With national retail vacancy rates hovering around 5%, Mr. D’Addabbo noted strong interest from restaurants, retailers, medical groups, and professional services firms for the remaining 9,250 square feet.

For PeoplesBank, the Bloomfield project is part of a steady expansion across Connecticut, with additional banking centers planned in the months ahead. Beyond anchoring the center, the bank is also financing the development for Mr. D’Addabbo, a longtime customer.

“The Shoppes at Cottage Grove is the kind of project that strengthens both a community and our presence in it,” said Frank Crinella, Chief Banking Officer at PeoplesBank. “Bloomfield has deep roots and real momentum, and we’re proud to be putting down our own here for the long term.”

Groundbreaking Details

Date: Friday, May 22, 2026
Time: 12:00 p.m.
Location: 529 Cottage Grove Road, Bloomfield, CT

A pizza-oven food truck will be on site for attendees.

About Estero Holding Company

Estero Holding Company, a subsidiary of MACK V Development, is a Rhode Island-based commercial real estate development firm focused on constructing, developing, and managing retail and professional centers in well-positioned communities across the region. Led by Managing Member Mark C. D’Addabbo and working through MACK V Development, the firm brings projects to life with an emphasis on strong locations, accessible design, and long-term partnerships with anchor tenants and the communities they serve.

About PeoplesBank:

PeoplesBank PeoplesBank is a community-focused mutual bank serving Connecticut and Massachusetts. As a mutual institution, we answer to our depositors, employees, and neighbors—not outside shareholders—allowing us to prioritize long-term value and local impact. We’re recognized for innovation, corporate responsibility, and environmental leadership, including LEED-certified offices and more than $350 million financed in wind, hydroelectric, and solar energy projects. Through volunteer hours and millions in charitable giving, we help strengthen the Connecticut and Massachusetts communities where our customers live and work. With banking centers across Connecticut and Massachusetts, PeoplesBank brings big-bank capability with a community-bank commitment.

Media Contact
Matthew Bannister
Senior Vice President - Corporate Responsibility and Sponsorships
413.493.8704
[email protected]

Leasing Inquiries
Mark C. D’Addabbo
MACK V Development / Estero Holding Company
860.337.2299
[email protected]