We know many Connecticut businesses are struggling as they deal with the effects of COVID-19. We appreciate their perseverance and know they share our commitment to keeping our residents healthy. The state, working with its federal partners, has several programs and initiatives in place to assist businesses during this difficult period. For specific questions related to small business, email the Joint Information Center at COVID19.JIC@ct.gov, or call the DECD small business hotline at 860-500-2333. Individuals can call 2-1-1 for more information.

Cherry Street Lofts - Bridgeport

Overview

State Investment: 
$1,576,300 Targeted Brownfield Development Loan Program

Total Investment: 
$67,000,000

Location: 
375 Howard Avenue, Bridgeport, CT

State brownfield loan funds were used by Bhagya Realty Holding, Inc/Railroad Avenue Lofts LLC, for predevelopment site work related to the removal of hazardous conditions including remediation, abatement and demolition. The property, a three acre parcel located at 375 Howard Avenue in Bridgeport has been occupied by multiple industrial operations that have involved the extensive use of oils, solvents, acids, and metals since the late-1800s and early-1900s late. The first phase of the project includes 157 residential units and a 65,000 sq ft new home for Great Oaks Charter School. Upon completion of the project’s first phase, construction would begin on the oldest buildings, on Hancock Avenue. Two structures, including one heavily damaged in a series of fires, would be razed, while the rest would be converted to an additional 154 units of housing. A grocery store is part of the eventual plan.

Currently in the final phases of construction, Cherry Street Lofts will be available in Fall 2018, featuring spacious studio, one, two and three bedroom apartment styles with modern interior features.


Before

After