Mayor Ganim and the City of Bridgeport Announces the Beginning of Construction for Phase III of Crescent Crossings
Bridgeport, CT – Today, Mayor Ganim announced the beginning of construction of the next phase of the Crescent Crossings Development on the former Father Panic Village site on the City’s East Side. The product of a public-private partnership between Park City Communities and the JHM Group, this $40 million project will add another 85 units of mixed-income affordable housing to the City. Apartments will range from studios to 3-bedrooms. Resident amenities will include a community lounge with a kitchenette, a playground, laundry facilities, a fitness center, and a business center with computers available for use. The project will take eighteen months to complete. Occupancy is expected in the summer of 2025.
Mayor Ganim stated, “There is a dire need for more affordable housing in Bridgeport. Today, and every day, we’re working to address that need in every neighborhood of this city. But we can’t do it alone. We need partners like Ms. Jillian Baldwin, CEO of Park City Communities who, while guiding the public housing authority forward, continues to put residents first by ensuring that they will have access to high quality, well managed, affordable housing such as what we celebrate here at Crescent Crossings today. “
The Mayor added, “Nor can we do this without the expertise of private developers. Under Todd McClutchy’s direction, JHM has already completed 231 mixed-income units within Bridgeport. This third phase of Crescent Crossings brings that total to over 300.
Noted Mr. McClutchy, “We’re happy to see this project come out of the ground. But we’re not stopping here. We’ve another 115 units slated for development, including the fourth and final phase here at Crescent Crossings as well as the next phase slated for Windward Commons at the former Marina Village site in the South End of the City.”
Ms. Baldwin noted, “This public private partnership continues to demonstrate how innovative and collaborative efforts really can transform the quality of life for public housing residents.”
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