The Lighthouse at Steelpointe Harbor was filled to capacity on the snowy afternoon of January 16th to celebrate the groundbreaking of Bridgeport Landing Development’s newest development project, The August at Steelpointe Harbor, in partnership with Flaherty & Collins Properties.
Located at 55 East Main Street in Bridgeport, adjacent to the Bridgeport Harbor Marina, The August will be home to the first residential units in the larger 52-acre Steelpointe Harbor Master Plan.
Bridgeport Landing Development and Flaherty & Collins Properties are taking the lead in the development and construction of this 6.5 acre 420-unit mixed-use project. The August is designed to offer stunning waterfront views paired with exceptional amenities including an indoor/outdoor fitness center, co-working lounge with coffee service, saltwater pool & deck with Long Island Sound views, private outdoor pet park and pet spa, outdoor kitchens, EV charging stations, and pickleball court.
Bridgeport Landing Development President, Bobby Christoph, said, “Steelpointe Harbor is what happens when smart development takes place.”
In addition to its exceptional amenities, The August will also help provide housing for middle income residents in Bridgeport via a program from the Connecticut Housing Finance Authority, with about 160 units set aside for that purpose.
Seila Mosquera-Bruno, Commissioner of the Connecticut Housing Finance Authority, said, “This housing will be attainable to teachers, nurses, first responders and others who are critical to thriving sustainable communities.”
Bridgeport, Connecticut Mayor Joe Ganim expressed his gratitude, stating, “I would like to compliment Bridgeport Landing Development on partnering with Flaherty & Collins Properties, one of the Midwest’s largest and most experienced multifamily developers, for this next exciting development phase of Steelpointe. I thank the Christophs for their continued investment in Bridgeport and welcome and thank Flaherty and Collins for their new commitment to Bridgeport.”
Governor Lamont noted, “Right now, the sun is shining on Bridgeport, a lot of people want to be here. A lot of people want to be in the State of Connecticut. The development here at Steelpointe Harbor is really coming together in a way that makes sense for this city and this state. There’s going to be housing here at Steelpointe where young people can afford to live; housing for our teachers, firefighters, and cops and that means a lot in terms of this community. This is a transformative moment. It’s taken a long time to come, but Rome wasn’t built in a day.”
Located in one of Fairfield County’s most transit-rich environments, residents will enjoy various transportation options such as I-95, the Metro North Train Station with easy access to Grand Central Station, the Port Jefferson Ferry, and water taxi services to Seaside Park and Pleasure Beach. The August is also minutes away from a diverse array of amenities including the Bridgeport Harbor Marina, the Hartford Healthcare Amphitheater, and the Total Mortgage Arena. The combination of these project amenities and a variety of transportation options solidifies The August as one of the premier developments along the Connecticut Gold Coast.
The financing of this ambitious project, exceeding $190 million, has been made possible through a collaborative effort with several esteemed local and national lenders. Leading the way is Old National Bank with a $111 million construction loan, accompanied by participating lenders, including Busey Bank, Webster Bank, Newtown Savings Bank, First Bank of Greenwich, First Merchants, Essex Savings Bank, and Southern Bank. Additional project financing is being provided by the Connecticut Housing Finance Authority (CHFA), the Connecticut Department of Economic and Community Development (DECD), Local Initiatives Support Corporation (LISC), and Connecticut Innovations.