Shopping Center Business

MAY 2015

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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166 • SHOPPING CENTER BUSINESS • MAY 2015 Channel: a resource where the outdoor retailer can maintain and showcase its own vessels, and enable customers to perform "sea trials" with potential purchases right on site. Work has already begun on the process of transforming the waterfront, including dredging, bulkheading, utilities and the seawall. Construction of the Baywalk Promenade is also moving forward. A 50,000-square-foot dock master's facil- ity, which includes office space and a waterfront restaurant, will also open in late 2015. It is noteworthy that Bridgeport Har- bor is the first navigable lighted harbor north of Manhattan that is deep enough to accommodate large vessels. The devel- oper is well aware of that fact, and sees Steelpointe Harbor as a rare and valuable opportunity to become a true landmark destination for recreational yachts in Long Island Sound. Not only will Steelpointe Harbor be a permanent home for many recreational users, but also a preferred staging area for chartered yachts going to and from Manhattan. "We are halfway between Manhattan and Sag Harbor, making Steelpointe Harbor a convenient, efficient and eco- nomical choice for yacht charters," says Christoph. Programs for sailing, charter fishing, and other recreational vessels are also anticipated. With its location immediately adjacent to Interstate 95 (including two exits that provide interstate access into the proj- ect), accessibility is a Steelpointe Harbor differentiator — the project can even be accessed from Manhattan by train, with connection to Bridgeport station which is walking distance from the center. Even that aspect of the project will receive a boost from the water as the Bridgeport- Long Island Ferry will be relocating its Connecticut terminal to a new location right next to the project in 2016. The ferry, which currently provides round-trip vehicular and pedestrian service to more than 850,000 people per year, projects its ridership to increase to 1.4 million annu- ally as a result of the move. When complete, Steelpointe Harbor will have more than 750,000 square feet of retail.

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