Source: Commercial Observer
Developers have recently secured $68 million in financing for the construction of a large luxury rental asset in Connecticut.
Where is this taking place?
Who is involved?
Developer: Spinnaker Real Estate Partners / Eastpointe Development
Designer: The Sullivan Architectural Group
When is this happening?
Developers hope to deliver the project by the end of the first quarter in 2022.
Why is it important?
The project’s developers hope this community will suffice the growing demand for housing in the Bridgeport area spurred by the dramatic influx of New York City transplants caused by the COVID-19 pandemic.
Mix of studio, one- and two-bedroom apartments
500-space parking garage
Rooftop deck with grill stations and bar
Golf turf and simulator
Two, mid-rise buildings
300 residential units
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