Work has commenced for the $190 million latest phase at the Steelpointe Harbor redevelopment area, 420 mixed-income units with 10,000 square feet of commercial space, fitness center, swimming pool along the harbor, saunas, pickleball, outdoor balconies, pet park, and co-working space some of the amenities and economics of the project.
Mayor Joe Ganim posted a video on his Facebook page while visiting Starbucks located across the street.
State housing officials and Governor Ned Lamont worked behind the scenes last year to engineer a housing set aside: about 20 percent of the units are classified as “work force” housing to open up opportunities for professionals such as public employees and healthcare workers whose income levels would be out of reach for this type of upscale housing.
Named The August, covering 6.5 acres of the 52-acre site, property owner RCI Group, led by Robert Christoph Jr., 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.
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HOME RUN……………………….GAME CHANGER
So Lennie, when will the displaced people from the hood be moving in?
20 percent of the units are classified as “work force”, when 20% of the units should be classified as “affordable” CT Gen Stat § 8-30j
i hear what you saying but THE TRUTH BEING TOLD….that has to be filled with the residence with money……Have to bring back the people with money ……..yes have to make sure there are blue collar\affordable bla bla bla but need to bring back the families with MONEY………these are apartments on the water……….basically ACT ACCORDINGY
But the TRUTH BEING TOLD ……DON’ T USE MY FLUCKING TAX MONEY!!!
The whole parcel is destined to become tax-negative, affordable, workforce housing for the Gold Coast/suburbs, tax-base-maintenance/lifestyle maintenance workforce… That is the ONLY reason why Bridgeport received any money from Ned and Company for that project… There won’t be any rich folks with yachts moving to backwards-moving, gang-plagued Bridgeport anytime soon — especially to a reclaimed dumping-ground sandwiched between a sewage plant and a power plant…
Indeed, this incarnation of Steal Point is the delusional zenith of an evolving set of ever-more-delusional development plans for Bridgeport… Ned has probably already spoken to our Congressional delegation about getting that whole development under the auspices of HUD… (Does somebody in City Hall still believe that Steve Wynn is going to build a casino there — to complement a Trump casino at Harbour Yard?!)
The Christophs will make money when they sell to the government (like the D’addarios/mall and the ballpark investors), just like they always knew they could if the casino never materialized…
Kicked out low-income families by eminent domain, reduced the tax base in the process, and now we will have a gated community so that former resident’s grandchildren can see (through the fence) a pool that they can’t swim in which replaced their grand parent’s rental apartment. Tell that story at your next Sunday Baptist Church Visit as your economic development strategic plan, I am sure you will get a response.