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CITYOFBRIDGEPORT
DevelopmentUpdate
CTICSCMay2,2012
MayorBillFinch
DonaldEversley,DirectorOfficeofPlanning&Economic
Development
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City of Bridgeport
16sqmiles
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SellingBridgeport:“Connecticut'sHubforEntrepreneurshipand
Innovation”
• Greatlocationinavibrantregion• Convenienttransportationandconnections• Diverseandskilledworkforce• Competitivecostoflivinganddoingbusiness• NewlyupdatedMasterPlanandZoning• SafestbigcityinConnecticut,lowestcrimein4decades
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ATTRACTIONS/QUALITY OF LIFE • The Ballpark & Arena at HarborYard: Bridgeport Bluefish
(professional baseball) and Sound Tigers (professional hockey), college sports, concerts and trade shows
• Fairchild Wheeler 36-hole municipal golf course • Beardsley Park & Zoo • Seaside Park – 350 acres on LI Sound with longest continuous
beach in Connecticut • 32 public parks, 27 playgrounds, 40 public tennis courts • Multiple marinas and boatyards for all incomes and ages • Live music and drama at Klein Auditorium, Downtown Cabaret
Theater and Playhouse on the Green • Growing community of artists, musicians and the creative class
• Easy public transportation access to NY regional attractions
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Key Strategic Themes
INVESTING IN DOWNTOWN
IMPROVING NEIGHBORHOODS
BUSINESS EXPANSION
TRANSFORMING BROWNFIELDS
GROWING THE CREATIVE ECONOMY 5
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Downtown Village District
Dynamicnewzoningrulesencouragegreater
density,lessparking,more
adaptivereuseandtransit‐oriented
development
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$
$250MillioninDowntownInvestmentforprojectsstatedorcompletedinthelast4Years
CitiTrust‐$43Madaptivereuseproject,118aptswith3‐5retailspots
Arcade‐$20Madaptivereuse,historicatrium,23apts,64,000sfcommercial
Loft881‐$7Millionadaptivereuseofmedicalbuilding;38condos,3,000sfretail
StateJuvenileCourtComplex‐$40MintegratesFamilyandJuvenileCourts
BridgeportHolidayInn‐$10Mdollarrenovationincludednewfrontandrearentryways,theBLUEMARTINIlounge,andrenovationofall209guestrooms
BridgeportITCGarage‐$20millionparkinggarageprovides1400spacesfortrainstation,downtownandtheWebsterBankArena&BallParkatHarborYard
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$250MillioninDowntown(cont’d.)
77MainStreet–Formerlong‐vacantgascompanybuildingrenovatedforCaseyFamilyServicesin2010,bringingover40newjobstodowntown
HousatonicCommunityCollege‐$55Millionexpansionfinishedin2008
BijouSquare‐$6Millionrestorationofhistoricbuildingsforoffice,retail&BijouTheater;$25Millionnewconstructionat323Fairfieldfor84apartmentsand10,000sqftofretailspace
333StateStreet‐Adaptivereuseprojecttoconvertaformerofficebuildinginto65apartments
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BijouSquare:323Fairfield
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InMay2010,thenew‐constructionphaseresumedafterayearset‐backduringthelendingcrisis.$25Millionnewconstructionof84apartmentsand10,000sqftofretailspace–ModaStudio,BijouWine,Melt,NewRobinhoodCleaners.
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333StateStreet
Adaptivereuseprojecttoconverttheformerofficebuildinginto65apartments.InMay2010,theconstructionresumedafterayeardelayduringthelendingcrisis,withfundingprovidedbyCHFAandGEMoneyBank.Cityassistedwithfinancing,newsidewalks,andfindingsolutionsfordedicatedparking. 10
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Mechanics and Farmers Bank
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52,000sqftbldgsoldbyCitytodevelopertoconstruct30rentalapartmentsand24,500sqftcommercialspaceforFletcher&ThompsonArchitects.CityhelpedtolandFletcherasatenantandprovidedtechnicalassistancewithForstone’s$3MDECDHousingTrustFundCHAMPapplication.Cityalsoassistingwithsiteplan,abandonmentofBankStreetandfundingofenviromentalremediation.
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Downtown Village District North RFP 6 block development opportunity released by City August 2011
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Downtown Village District North RFP
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242,629squarefeet(5.57acres)within2‐5blocksproximitytoallmajorassetsofthecentralbusinessdistrict
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Downtown Village District North RFP selected developers
• SPINNAKER - Rehab of Main Street mercantile buildings (including K&R, HL Green and Kaye’s stores) to generate 30-40,000 square feet of commercial space, 50 residential units and 46 off-street parking spaces.
• NAVARINO CAPITAL – New construction (and rehab of the Davidson Fabrics/Boy’s Club bldg) for 91,940 square feet of commercial space, 164 residential units and 132 off-street parking spaces on lot at Congress & Main Street.
• COLORBLENDS – This end-user flower bulb importer will rehab of former Fairfield Uniform bldg at 1163 Main Street; 8,400 square feet of 2nd floor office space and a 1st floor gallery/museum/retail space to be called “The Tulip Museum”.
• POKO PARTNERS – Demolition of Mr. Forties tavern and new construction on that site and surrounding lots to produce 60 units of new housing and 37,000 square feet of commercial space.
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744 acres
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Lake Success 344 acres
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General Electric 77 acres
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EastBridgeport‐BarnumTrainStation
Transitorienteddevelopment
Remgrit26acres
BHA‐FatherPanik26acres
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Carpenter Steel 16 acres remain
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Steel Point 48 acres
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SteelPointeHarborRestructuredplanfor2.8millionsquarefeetofdevelopment:retail,residential,restaurant,marinaandwaterfrontaccess.
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Steel Point Infrastructure TIGER II Federal Grant will fund 80% of $13.9M cost
Out to bid May 2012
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CITY OF BRIDGEPORT
Office of Planning & Economic Development
Donald C. Eversley, Director [email protected]
203-576-7221 www.bridgeportct.gov
click “economic development” 23