Project Update: Funding Secured for Construction of Luxury Multifamily Tower in Connecticut

November 27, 2020
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Photo Credit: JLL

Photo Credit: JLL

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?

Bridgeport, Conn.

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.

Key aspects?

Mix of studio, one- and two-bedroom apartments

500-space parking garage

Resort-style park

Rooftop deck with grill stations and bar

Golf turf and simulator

Music room

Kombucha bar

Yoga studio

Rock-climbing wall

Project specs?

Two, mid-rise buildings

300 residential units

Project HEROE

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