BRIDGEPORT, Conn. – Work has officially begun on a five-story industrial block on Cherry Street on Bridgeport's West Side.
The area has been vacant for more than 30 years, and was the home to the American Gramophone Co. in the early 1900s.
Plans are to build 157 new residential units and a school, creating more than 400 new jobs in the process.
When completed, the new property will total more than 105,000 square feet between the Great Oaks Charter School and recreational space.
“With this development, we are revitalizing a long blighted block that can be seen by the thousands of cars that drive through Bridgeport on I-95. We are also creating more than 400 new jobs for Bridgeport,” said Bridgeport Mayor Bill Finch.
“This is a great project and I have to give a hell of a lot of credit to Mayor Finch. That’s how you build a great community, housing and great schools,” added Gov. Dannel Malloy.
The project's developers are Bhagya Realty Holding and Corvus Capital Partners.
Construction is set to begin in January, and is expected to take 20 to 24 months to complete.
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