Early plans have surfaced that would see a Westport developer build a $57 million project of 1,200 apartments, restaurants, a waterfront promenade and a 205-slip marina in Bridgeport”™s South End.
- A rendering of the proposed mixed-use development at 60 Main St. in Bridgeport.
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 Remington Shaver factory site, according to a statement from the city of Bridgeport.
The initial phase of the project would include 200 market-rate apartments and one retail building at the shuttered Remington factory at 60 Main St.
According to the city, Stephen Grathwohl, principal of Westport Property Management, views 60 Main as “the best or one of the best development sites in Fairfield County.”
“This is a market-establishing project,” said David Kooris, the city”™s economic development chief. “There are no projects of this scale and ambition in Milford, Stratford, Fairfield or Westport.” He estimated the project”™s first phase might be complete in about three years.
“This is yet another illustration that developers are choosing Bridgeport to build their projects, creating jobs and building our tax base and our future,” Mayor Bill Finch said in the city announcement.
“It”™s right on the water, it’s right next to Seaside Park, it”™s directly adjacent to the University of Bridgeport, it”™s within walking distance to the train station and there”™s easy access to the highway,” he said. “It”™s got a lot of pluses that you can”™t find in a lot of sites. We”™re very excited and hope to get the project started soon.”
Sounds fantastic in a good way!