
Photo: Pexels/Demetra Ioannidou
Leo Marchetti counted eleven vacant storefronts on a single downtown Hartford block the day he decided to do something about it. "I wasn't a real estate guy, I wasn't a retail guy," Marchetti said. "I was just a guy who was tired of walking past empty windows on my way to work." That frustration led him, in 2016, to lease his first vacant space and fill it with a rotating roster of local vendors who could not otherwise afford standalone storefronts, an idea that became Constitution Retail Collective.
The company now operates five multi-vendor retail spaces across downtown Hartford, housing more than 70 small businesses ranging from handmade jewelry makers to specialty food producers, all under shared leases that Constitution Retail negotiates and manages on their behalf. Marchetti describes the model as "retail incubation with training wheels," giving small vendors access to foot-traffic locations without the overhead of a full commercial lease.
Solving a Chicken-and-Egg Problem
Marchetti's core insight was that downtown Hartford's vacant storefronts and its population of aspiring small business owners represented two halves of the same unsolved problem. Landlords wanted reliable, credit-worthy tenants that small vendors could not offer individually, while vendors wanted visibility they could not afford alone. Constitution Retail's shared-lease model addressed both sides at once, aggregating dozens of small vendors under a single, more creditworthy corporate tenant.
"Landlords were willing to give me a chance because I was taking on the risk of vacancy, not them," Marchetti said. "And vendors were willing to take a chance on me because the alternative was staying online-only forever." The model required Marchetti to personally underwrite significant financial risk in the collective's early years, cosigning leases before the concept had proven itself.
Curating, Not Just Renting
Priya Osei, who has run a candle-making business out of one of Constitution Retail's spaces since 2019, said Marchetti's involvement goes beyond simple landlord duties. "He's picky about who he brings in," Osei said. "He wants the mix of vendors to actually work together, not just fill space. That curation is why people keep coming back to these locations specifically."
Anchoring Hartford's Downtown Recovery
As downtown Hartford has worked to rebuild foot traffic following years of reduced office occupancy, Marchetti's storefronts have become a visible symbol of the district's recovery efforts, drawing attention from city officials eager to highlight successful small business initiatives. Constitution Retail recently partnered with the city on a pilot program offering reduced-rate leases to first-time entrepreneurs in a previously vacant municipal-owned building.
Marchetti says the company's next expansion will focus on a similar model in a struggling retail corridor outside downtown, testing whether the collective approach can work beyond Hartford's most walkable blocks. "I still think about those eleven empty storefronts," he said. "Every space we fill now feels like an answer to that walk to work I used to dread." He estimates Constitution Retail's vendor network has created or preserved more than 200 jobs across its five locations since the company's founding.
Related Articles

Fairfield Advisory Partners Builds a Regional Consulting Powerhouse
Owen Delacroix left a national consulting firm to start Fairfield Advisory Partners, a professional services firm now guiding mid-sized Connecticut companies through growth and succession planning.
Read Full Story →
Harborcrest Financial Group Brings a Fintech Edge to New Haven Banking
Julian Sorensen founded Harborcrest Financial Group to modernize small business lending in New Haven, pairing local underwriting expertise with technology built to serve overlooked borrowers.
Read Full Story →
Harborview Community Partners Reshapes Stamford Neighborhood Development
Yvonne Castellano founded Harborview Community Partners to finance affordable housing and small business growth in Stamford neighborhoods often overlooked by traditional developers.
Read Full Story →