$1,576,300 Targeted Brownfield Development Loan Program
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.