Gilbane Building Company Breaks Ground on Cherry Street Lofts

BRIDGEPORT, Conn., Sept. 15, 2015 /PRNewswire/ -- On September 8, Gilbane Building Company celebrated the breaking of ground for Phase 1 of the Cherry Street Lofts project with developers, Corvus Capital Partners and Bhagya Realty Holding.   Governor Daniel P. Malloy, Bridgeport Mayor Bill Finch and representatives from the City of Bridgeport's Economic Development Department, joined an enthusiastic community of project supporters to celebrate the commencement.

Gilbane is serving as Construction Manager for the repurposing of multiple historic mill buildings into residential apartments, as designed by Crosskey Architects of Hartford, CT.  Phase One will begin with the restoration of two buildings originally constructed in 1910 into 157 one, two and three-bedroom apartment units and a Charter School.  The entire project encompasses two phases, including the development of a total of 311 apartments, the Charter School, a shopping market.

"Working with the team at Gilbane Building Company, has been a pleasant experience. They provided a level of project due diligence and professionalism unsurpassed and have been able to work with our design team to establish budgets that meet our project needs," noted Gary Flocco, Managing Partner at Corvus Capital Partners, LLC. "I look forward to working with Gilbane on this important community building project."

The second phase (which has yet to be awarded to a Construction Manager) will include the restoration of another historic building into 154 residential units and Grocery Store.   Both phases of this development project are scheduled for completion in 2019, with Phase One being completed in 2017.

 "We are thrilled to be working with Corvus Capital Partners, Bhagya Realty Holding and the City of Bridgeport to transform this century-old complex into a vibrant residential community," said John Hawley, Vice President and Connecticut Business Unit Leader. "Gilbane will continue to collaborate closely with the City of Bridgeport and all parties engaged in the project to ensure the highest priority is placed on public protection and safety during construction." 

About Gilbane Building Company

Gilbane provides a full slate of construction and facilities-related services – from pre-construction planning and integrated consulting capabilities to comprehensive construction management, close-out and facility management services – for clients across various markets. Founded in 1873 and still a privately held, family-owned company, Gilbane has more than 50 office locations around the world. For more information, visit www.gilbaneco.com.

A builder in Connecticut since 1944, Gilbane has grown to become one of the largest providers of construction management services in Connecticut.  Gilbane opened an office in Glastonbury in 1984 and has remained a leader in the delivery of comprehensive pre-construction services, construction services and construction administration.  In 2014 Gilbane was named Contractor of the Year by Engineering News Record (ENR) for the Tri-State Area (NY, NJ, CT) and the #3 Top Construction Firm in the State of Connecticut in 2013 according to Book of Lists CT. Gilbane is ranked one of the top three best construction firms in the State of CT by the Connecticut Subcontractors Association.

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SOURCE Gilbane Building Company

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http://www.gilbaneco.com