Relatively New City Residential Development Begins Expansion Project that Could be in $5 Million Range
By Jeff Toquinto on March 29, 2023 via Connect-Bridgeport.com
Back in February of 2015 was the first time it was learned that a new residential development called Lodgeville Estates would be public knowledge. It was at that time that the property creating the site went before the Bridgeport Planning Commission to have a rezoning approved.
Once that took place, then Community Development Director said that the initial plan was to have 12 buildings housing eight units per building. He added that it may not be all done at once and additional work could be done in the future.
Fast forward eight years, and while not everything happened as discussed in that meeting, as of today the additional work is being done. According to the current Community Development Director Andrea Kerr, a permit was recently issued to start on the next phase of the project.
“There will be five building eventually and they will vary in size from two-story to three-story,” said Kerr. “We have been told there will be between 12 and eight units per building, but there are no plans yet for them.”
The permit filed earlier this month, on March 3 to be exact, was for foundations only. Cook Brothers, who is also the developer said Kerr, is handling the construction. The permit total was $350,000.
“They have talked with us for the last few years about doing additional buildings. Earlier this month they came out with their foundation plans and were ready to start,” said Kerr. “They got their building permit, and started the next day. They hit the ground running and will file a permit for each of the five buildings once they are ready to begin on the next phase.”
Kerr said she anticipates the entire project to be in the range of $4 million to $5 million, and is basing that off of construction totals she pulled in 2016. A smaller unit that year was for $560,000 and a 12-unit building cost was $840,000. Seven years later, in something that is not breaking news, construction costs have skyrocketed, which means the units – barring a trend not seen anywhere else – will cost more.
“We’re glad to see this,” said Kerr. “Residential work continues to be strong in Bridgeport.”
