Flaherty & Collins Properties and RCI Group Announce The August at Steelpointe Harbor: A Waterfront Oasis in Bridgeport, CT

Flaherty & Collins Properties, in partnership with RCI Group, is thrilled to break ground on The August at Steelpointe Harbor, located at 55 E Main Street, Bridgeport, CT 06608. Nestled adjacent to the Bridgeport Harbor Marina, this mixed-use, transit-oriented development is poised to redefine waterfront living in the heart of Fairfield County, Connecticut. With its expansive footprint spanning approximately 6.5 acres, The August marks the beginning of residential units within the grand 52-acre Steelpointe Harbor Master Plan by providing unparalleled connectivity and raising the bar for exceptional development in both Bridgeport, CT, and Fairfield County.

Through a dynamic partnership, Flaherty & Collins Properties and RCI Group are taking the lead in the development and construction of this impressive 420-unit mixed-use project. The August is designed to offer remarkable waterfront views paired with exceptional amenities. The development boasts an indoor/outdoor state of the art fitness center, co-working lounge with coffee service, saltwater pool & deck with long island sound views, expansive private outdoor pet park and pet spa, EV charging stations, outdoor kitchens, and pickleball court.

Bridgeport, Connecticut Mayor Joe Ganim expressed his gratitude, stating, “I would like to compliment RCI Group on partnering with Flaherty & Collins Properties, one of the Midwest’s largest and most experienced multifamily developers, for this next exciting development phase of Steel Point. The August will not only include 420 high quality apartment units, but will also provide exceptional indoor and outdoor amenities making it the premier housing development along Bridgeport’s waterfront. I thank the Christophs for their continued investment in Bridgeport and welcome and thank Flaherty and Collins for their new commitment to Bridgeport.”

Governor Lamont noted, “Right now, the sun is shining on Bridgeport, a lot of people want to be here. A lot of people want to be in the State of Connecticut. The development here at Steelpointe Harbor is really coming together in a way that makes sense for this city and this state. It’s a short walk here to transportation, and a lot of money is going into transportation right now. Thanks to the bipartisan transportation bill, Bridgeport will be as close to New York City as Stamford is today. There’s going to be housing here at Steelpointe that young people can afford to start their careers at; housing for our teachers, firefighters and cops and that means a lot in terms of this community. This is a transformative moment. It’s taken a long time to come, but Rome wasn’t built a day.”

Located in one of Fairfield County’s most transit-rich environments, residents will enjoy effortless access to a diverse array of amenities including the Bridgeport Harbor Marina, the Hartford Healthcare Amphitheater, and the Total Mortgage Arena. The August boasts the most convenient connectivity to I-95 at exit 28 ensuring convenient travel. With an unrivaled blend of amenities and transportation options, residents will have seamless access to the Metro North Train Station, the Port Jefferson Ferry, convenient water taxi services to Seaside Park and Pleasure Beach, and effortless connections to Grand Central Station. The train’s comprehensive network of stops establishes this location as a central hub for residential living, working, and commuting. The combination of these unmatched project amenities and a variety of transportation options solidifies The August as one of the premier developments along the Connecticut Gold Coast.

The financing of this ambitious project, exceeding $190 million, has been made possible through a collaborative effort with several esteemed local and national lenders. Leading the way is Old National Bank with a $111 million construction loan, accompanied by participating lenders, including Busey Bank, Webster Bank, Newtown Savings Bank, First Bank of Greenwich, First Merchants, Essex Savings Bank, and Southern Bank. Additional project financing is being provided by the Connecticut Housing Finance Authority (CHFA), the Connecticut Department of Economic and Community Development (DECD), Local Initiatives Support Corporation (LISC), and Connecticut Innovations.