Bridgeport, CT – Gilbane Building Company recently celebrated the breaking of ground for Phase 1 of the Cherry Street Lofts project with developers Corvus Capital Partners and Bhagya Realty Holding.
Governor Daniel P. Malloy, Bridgeport Mayor Bill Finch, and representatives from the city of Bridgeport’s Economic Development Department, joined an enthusiastic community of project supporters to celebrate the commencement.
Gilbane is serving as construction manager for the repurposing of multiple historic mill buildings into residential apartments, as designed by Crosskey Architects of Hartford. Phase 1 will begin with the restoration of two buildings originally constructed in 1910 into 157 one-, two-, and three-bedroom apartment units and a charter school. The entire project encompasses two phases, including the development of a total of 311 apartments, the charter school, and a shopping market.
The second phase (which has yet to be awarded to a construction manager) will include the restoration of another historic building into 154 residential units and grocery store. Both phases of this development project are scheduled for completion in 2019, with Phase 1 being completed in 2017.
“Working with the team at Gilbane Building Company, has been a pleasant experience. They provided a level of project due diligence and professionalism unsurpassed and have been able to work with our design team to establish budgets that meet our project needs,” noted Gary Flocco, Managing Partner at Corvus Capital Partners, LLC. “I look forward to working with Gilbane on this important community building project.”
“We are thrilled to be working with Corvus Capital Partners, Bhagya Realty Holding and the City of Bridgeport to transform this century-old complex into a vibrant residential community,” said John Hawley, Vice President and Connecticut Business Unit Leader. “Gilbane will continue to collaborate closely with the City of Bridgeport and all parties engaged in the project to ensure the highest priority is placed on public protection and safety during construction.”