City officials are scheduled to join developers on Tuesday afternoon to break ground for the residential phase of the Steelpointe Harbor redevelopment area, featuring 420-luxury units to transform living experiences along the waterfront.
Named The August, covering 6.5 acres of the 52-acre site, property owner RCI Group has partnered with midwest-based builder Flaherty & Collins Properties.
Two years ago, the City Council approved a tax abatement for the plan that also includes construction of a hotel.
The $190 million project includes a financial collaboration of $111 million with local and national lenders led by Old National Bank.
Developers see this amenity-loaded project as a key waterfront destination backed by a transportation nexus including Metro North, I-95, Route 25-8 Connector and Long Island ferry terminal, as well as attracting Fairfield County professionals with buying power to support area restaurants and businesses across the street from the Bass Pro Shops that opened its doors more than eight years ago.
Lets thank Joe Ganim and Ernie Newton for the affordable housing component for the East End constituency Not💰
Jim, Wise of you to comment about the Luxury project of housing and commerce (mixed use) but the affordable housing thought it may not be in the picture provided. I understand that it is north of the main property and is away from the Bass Pro Shops retail locations with parking, and even further north of I95. It might be well to understand the number of units, their development timeline, and expected actual construction, as these proposed units will dent the affordable residence issues in our City in a more significant manner than will the August project.
How many OIB readers know someone who is lining up for one of 420 luxury units at this time? I will be most happy to hear a positive response that bears on presence of Fair Housing situations in the City even though we are without a Fair Housing Commission for about twenty years in Bridgeport. Why has Ganim2 avoided the easy act of appointing folks to the Fair Housing Board, until a couple months ago on the City website (without members, meetings, agendas or minutes) as the City Council was initiating the effort to re-establish the Fair Rent Commission? Easy to do? Perhaps more advantageous to avoid doing despite the City Charter? Time will tell.
It looks beautiful and it isn’t the right spot for affordable housing
10% is
30 to 40 years ago families homes were taken through eminent domain with the promise that that area would be developed for the benefit of the citizens of Bridgeport, at the time it was the largest Census tract of Minority Owned Homes in the entire State, this development smells of hope to bring in “New” Bridgeporter’s a more Affluent Population, my question, How does this benefit the current population? Are they saying that these new folks are better for Bridgeport than the many families originally displaced.