Greenport Flats featuring garden plots and three apartment styles transforming an abandoned building in The Hollow will be available for showings on Monday with an open house planned for noon on June 15. Contact Tyisha Toms of Altieri Realty at 203-580-FLAT (3528) to schedule a showing. Units range from $850 to $2,400 per month.
News release:
Coleman Street Developers, LLC has unveiled its latest remodeling project turning an abandoned Bridgeport building into a new residential development called Greenport Flats to revitalize and change the neighborhood and better the community with a sustainable “green” property. Coleman Street Developers, LLC is a subsidiary of Caritas Capital Partners, LLC; a Connecticut real estate investment firm specializing in financing projects that rehabilitate abandoned income-generating housing properties.
Coleman Street Developers partnered with SEEDnh, led by Argentinian architect Fernando Pastor, to transform the over 42,100 square foot building at 62 Coleman Street into 39 modern one-to-four bedroom apartments in this $5 million project. SEEDnh is a New Haven based firm committed to creating public and private spaces that enrich users’ experience introducing modern architecture and green design in a way that transforms abandoned and blighted buildings into community assets.
Greenport Flats seamlessly blends three different apartment styles in one building – direct access on “the Decks,” a traditional interior corridor in “the Core,” and a single-family feeling in “the House.” It’s comprised of numerous amenities that make its previously abandoned, neglected appearance nearly forgotten. Located in a secured gated community with a preserved brick façade and large new insulated Low-e glass windows, the property includes a beautiful courtyard enhanced by a magnificent magnolia tree along with entertaining areas, gardening plots and apartments featuring high-end finishes and reclaimed materials. A three-story exposed steel deck provides residents outdoor seating, maximum square footage and courtyard views. The building can be described as mid-century modern that is green, family-friendly, community-oriented and conveniently located near downtown, parks, shopping and restaurants, in addition to having direct highway access.
“As a Bridgeport area small business, we are proud to announce our latest groundbreaking development, Greenport Flats. It’s unlike any other product in the market today offering residents high quality finishes and a modern, eco-friendly living space,” says Caritas Capital Partners CEO and President, Rafael Sanz. “We are committed to improving our neighborhoods and work with our tenants to fulfill community needs, such as facilitating the set up of a neighborhood watch. We thank our local partners, some who have been here in Bridgeport for more than 25 years, for their work in making this project come to fruition.”
The property was originally a mansion built in 1890 and later expanded to a nursing home in 1957. It was last used as a 142-bed convalescent home called Golden Hill, but had been abandoned, vandalized, and neglected for several years until Coleman Street Developers, LLC acquired it.
About Caritas Capital Partners
Caritas Capital Partners, LLC, a real estate investment firm based in New Haven and Bridgeport, Connecticut since 2009, specializes in acquisitions and sales, development and redevelopment of properties, financing and property management. The firm rehabilitates abandoned income-generating housing properties located primarily in lower income census tracts where bank financing is not readily available. CCP is committed to improving the quality of life for not only their residents but for the neighborhood as a whole community. They choose to work with local subcontractors, attorneys, accountants and businesses, and invest in, develop and grow along with its communities. Learn more at www.caritascapitalpartners.com.
This building is in close proximity to major Bridgeport Landmarks. It is high visibility and has been a bad reflection on the state of the City. I am curious to see how the financing is being structured. If there is actually a high market demand for this or not. I am truly happy in any case. This is one I would support a tax break on. Many of the others, no.
I saw this announcement in the paper this morning and am inclined to take a closer look. Like Bob, I am interested in how the financing is structured because of the variety of “deals” that show up on the City Council desks for approval.
Might their “economic development” Committee have some informal sessions where OPED can teach, CC members and the public can listen and learn, and we can understand all of the impacts when the Net Taxable Grand List does not increase with 100% payors? Bob, with full respect for your know-how and experience on housing, don’t you want to see the numbers before seeing exactly what tax break should be shared by your constituents? Time will tell.
John Marshall Lee, how dare you make this suggestion, “Might their ‘economic development’ Committee have some informal sessions where OPED can teach, CC members and the public can listen and learn, and we can understand all of the impacts when the Net Taxable Grand List does not increase with 100% payors?” JML, that is too much like doing the right thing.
Ron,
I am very sorry. I guess I need to go to the corner for a timeout to reflect on reality a bit longer. (But Ron, it starts with a handful of people willing to say and do what others are too busy to say and do and it can build, can’t it? The right thing, I mean.) Time will tell.
For many many years “The Hollow” has been labeled as a very dangerous and rundown area to live in, replete with crime, violence and drugs. How do we change that image so people would want to live in these units? Or does the developer even care if the units become occupied?
Nowadays, many developers don’t build complexes or renovate with an actual desire to have the units occupied. They just get paid up front for their work and don’t much care what comes after.
I believe people will be very interested in this complex and I would love to see the layout and the green plots for gardening. Apts in the downtown area are renting and the proximity to the highway, train and bus make it desirable. Neighborhoods change one building at a time. I meant to take a drive by today but was totally exhausted from working in the yard.