Ostermoor Residential Development Project

Link Representative For Property
Title
Broker
Contact Phone
Affiliated Company
Address

304 George Street Bridgeport Connecticut 06604

Building/Land Information
Property Type
Land
Property Subtype
Industrial
Property Type
Multifamily
Property Subtype
Low-Rise/Garden
Zoning
Industrial
Ostemoor Residential Development Project
Sale Price Dollars
$3,400,000.00
Market
Bridgeport
Location Description
Located on Lafayette Park at the intersection of Oak, Center, and Madison Avenue. Close proximity to Route 8 / Route 25 / Interstate 95 and easily accessible via public transportation.
  • Side View
  • Courtyard

Sale Information

Sale Description
The Ostermoor Development Project is an adaptive reuse of one four story brick building connected to another three story granite structure in the heart of "The Hollow" neighborhood. These two 19th century structures will be connected by a newly constructed brick and glass building. This approximately 150 unit structure is located on Lafayette Park at the intersection of Oak, Center, and Madison Avenue. The redevelopment of this residential structure will also include extending Lafayette Park into the courtyard between the three connected buildings.

As investors in Bridgeport, CT for 12 years, it is in our hope that our developments will support the growth and vitality of City business and improve neighborhood safety. We believe that with the help of the city and local community, Connecticut Century Gardens, and Ostermoor will provide opportunities and jobs, not just to the other investors who will continually see the beauty and potential of Bridgeport, but to the people who call Bridgeport home.
Sale Highlights
Total Building 177,963 S.F of Affordable Housing / Multi Family Housing
1.3 million people live within a 30-minute drive to downtown Bridgeport
$115,000 average household income
65,000 people work within a five-minute drive to the property
41.25% of Adults 25+ have a bachelor degree or better

Connections:
156,000 Vehicles pass this property daily via I-95
Connections to Rt 8, Rt 25 and Rt 15 (Merrit Parkway)
Central location to both Fairfield and New Haven counties
1.25 hours to Port Jefferson, Long Island by ferry
1.25 hours to NYC/Grand Central Station by direct rail
Walking distance to downtown arena, amphitheater and attractions
Power
Gas / Propane
Water
Property Use
Development

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