NEW HAVEN, CT – February 20, 2023 — Verada is excited to announce that Elm City Drip, a boutique IV hydration and wellness clinic, has signed a 10-year lease for 1,007 square feet on the ground floor of 44 Olive Streetin the heart of Downtown New Haven at an asking rent of $40 per square foot. This marks an exciting addition to the area’s growing health and wellness ecosystem, offering personalized IV hydration therapies and recovery solutionsto the community. The clinic is expected to open on April 1, 2023.
Property Overview
44 Olive Street offers a 1,007 SF ground-floor retail space designed for wellness-driven operators seeking high-visibility storefronts in Downtown New Haven.
- Floor-to-ceiling glass storefront with strong street presence
- Prime downtown positioning near bustling retail corridors
- Surrounded by Yale University, cultural destinations, and dining operators
- Excellent daytime foot traffic and diverse customer base
About Elm City Drip
Elm City Drip is a boutique IV hydration and wellness clinic focused on personalized treatments that improve hydration, boost recovery, and enhance overall wellness. Their services include IV vitamin drips, energy-boosting therapies, immune support, and recovery treatments, all delivered in a modern, relaxing environment designed for comfort and rejuvenation.
Discover more about Elm City Drip and their offerings on their Instagram @elmcitydrip
Representation
The transaction was brokered by Nate Mallon, Managing Partner at Verada, who represented Adam America, the landlord.
“Elm City Drip represents exactly the kind of innovative, experience-driven operator that continues to shape Downtown New Haven. Their concept aligns perfectly with the energy, growth, and lifestyle-driven vision for the neighborhood,”
— Nate Mallon, Managing Partner, Verada
Neighborhood Context
Downtown New Haven is a thriving hub that blends retail, dining, education, and culture, anchored by Yale University and an influx of residential and office developments.
This location benefits from:
- High daily foot traffic from students, professionals, and visitors
- Direct proximity to Yale University’s campus and cultural institutions
- A growing mix of independent boutiques, cafés, and destination restaurants
- A vibrant community attracting locals, students, and tourists alike
This transaction reinforces Verada’s role as a retail leasing expert, connecting emerging operators with prime retail opportunities across the region’s most dynamic retail corridors.
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