(Read more on the multifamily market.)
BRIDGEPORT, CT-Dirt has been turned on a new condominium/retailproject at 323 Fairfield Ave. in the heart of the downtown districthere. Officials with Bijou Square LLC, the developer of theventure, report the development will bring 84 luxury condominiumspriced between $225,000 to $350,000 to the city by the end of2008.
The project also calls for seven commercial/retail opportunitiestotaling approximately 10,000 sf in a five-story building on anearly one-acre site. The development is being built on the site ofa former private "pocket" park and when all is said in done willinvolve a private investment of approximately $28 million. Theproperty was purchased by Bijou Square LLC from Lafayette SquareAssociates in April of this year. Bijou Square Associates is a realestate development firm that represents an equal partnershipbetween the Bridgeport-based Kuchma Family Co. and Kurt Hersher ofEaston, CT-based K.B. Hersher Holdings.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.