BRIDGEPORT, Conn. – A Westport developer is eying a $57 million project that would build 1,200 apartments, restaurants, a waterfront promenade and 205-slip marina in Bridgeport's South End.
“This is yet another illustration that developers are choosing Bridgeport to build their projects, creating jobs and building our tax base and our future,” said Mayor Bill Finch. “We are see seeing it happen in Steelpointe Harbor. We are seeing it in Downtown North, in the Hollow, in Black Rock and in all our city neighborhoods. This is an exciting time for the Park City, and we are building on this momentum.”
The initial phase of the project would include 200 market-rate apartments and one retail building at the former Remington Shaver factory at 60 Main St.
The developer and property owner Westport Property Management has received necessary city approvals and $2 million from the state, which should fund the majority of the cost of environmental remediation at the former factory. Kooris estimated the project’s first phase could be complete in about three years.
Stephen Grathwohl, the principal of Westport Property Management, views 60 Main as “the best or one of the best development sites in Fairfield County.”
The site at 60 Main St. is the latest in a series of major developments proposed or underway in Bridgeport. At Steelpointe, a Bass Pro Shop, Starbucks and a Chipotle restaurant are under construction and scheduled to open this year.
In the Hollow, a developer recently completed a $5 million project that converted a 42,100-square-foot run down building into 39 new eco-friendly apartments.
In the East End, Bridgeport Neighborhood Trust is building the Milestone Apartments, which will house an early childhood education center on the first floor and 30 new apartments that will provide affordable housing on the second and third floors. One third of the apartments will be reserved for veterans.
In Black Rock, construction is underway construction is underway on 56 new market-rate apartments.
In Downtown North, three major development projects are underway that will create well over 150 new apartments as well as new retail and commercial space.
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