Bridgeport development thrives despite economy

Despite an economic crisis, development projects in Bridgeport are moving forward and thriving on the weakened market.The former Arcade Hotel at 991 Main St., which

BRIDGEPORT - Despite an economic crisis, development projects in Bridgeport are moving forward and thriving on the weakened market.

The former Arcade Hotel at 991 Main St., which dates back to the 1800s, has been converted to apartments and is almost ready to be opened. Developers ?Urban Green Builders? say many of the units already have tenants attached to them. A restaurant and retail space on the first floor is expected to be completed in March.

?There are lots and lots of reasons for people to move to downtown Bridgeport and into apartments like this,? says Eric Anderson, of Urban Green Builders.

The developer says the economy has actually helped the rental market, especially in cities. Urban Green Builders is also behind the City Trust and 144 Golden Hill projects.

advertisement | advertise on News 12

Trending Video

1 Connecticut Sportscast, Jan. 18
Stamford police say they arrested a woman Tuesday 2 Police: Woman arrested, charged with animal cruelty
See extended video from Chopper 12 from the 3 CHOPPER 12: Newtown school shooting scene
VIDEO: President Obama hold final news conference of 4 VIDEO: President Obama holds final news conference of presidency, Part 2
VIDEO: Lawsuit filed against Town of Clarkstown PD 5 VIDEO: Lawsuit filed against Town of Clarkstown PD alleging racial profiling

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE