Monday night’s City Council agenda calls for the legislative body to order a public hearing April 20, 7 p.m regarding Pillar Property Management’s proposal to transform the former Bassick High School site into 140 units of housing, 30 percent classified as affordable, with more units planned for a second phase.
New York-based Pillar is now one of the largest property owners in the city with development projects underway or planned Downtown, East End, West Side and West End.
The city issued an RFP to select a developer.
Under the proposed agreement the developer will purchase the eight-acre property for $6 million, paid out in phases. The city projects the project to deliver more than $1 million in building permit fees and upwards of roughly $750,000 per year in taxes when completed.
The new Bassick High School, now in its first academic year, is located in the South End connected to the campus of the University of Bridgeport.
Summary snapshot below.
See full development proposal here
