Shopping Center Business

MAY 2016

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

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CENTER REVIEW 98 • SHOPPING CENTER BUSINESS • May 2016 B ridgeport, Connecticut-area resi- dents who have been closely track- ing the progress of the ambitious and highly anticipated Steelpointe Har- bor have plenty of reasons for optimism, as the $750 million super-regional, mixed- use waterfront project continues to cele- brate significant construction, leasing and opening milestones. Steelpointe Harbor developer Bridge- port Landing Development LLC — a sub- sidiary of Miami-based The RCI Group — shared with SCB that they are very close to signing a lease with a well known casual dining concept that offers more than 100 different beers on tap. The restaurant, which will occupy a 10,000-square-foot waterfront pad site, will be the chain's first location in the state of Connecti- cut. An also yet-to-be disclosed national steakhouse will soon be on its way to Steelpointe, taking up residence in a 9,000-square-foot second floor space in the project's harbormaster's building. A terrace feature that runs along the length of the building will provide diners with 1,500 square feet of outdoor seating over- looking the harbor. Douglas Jerum, a partner at Ferrara Je- rum International — the retail real estate consulting group handling Steelpointe's leasing — says that the new restaurants are a great fit for Steelpointe. "These are two outstanding operators, both of which understand the importance of delivering quality and service," says Je- rum. "They are highly coveted and we are thrilled to have them joining our destina- tion-driven tenant line-up." Steelpointe Harbor, which sits on a beautiful 82-acre site overlooking Bridge- port Harbor and Long Island Sound, expects to draw traffic, not just from Lower Fairfield County, but throughout the region. The Steelpointe master plan, which encompasses approximately 2 million square feet of commercial space, includes 750,000 square feet of retail, din- ing and entertainment options, including a 12-screen Cinépolis dine-in theater, a 120-key Hampton Hotel, 1,100 to 1,500 mid-and-high rise residential units and 30,000 square feet of class A office space. The recent tenant announcements come on the heels of the completion of Steelpointe Harbor's $50 million first phase, which came online in fall 2015. Phase I retail tenants have hit the ground running, according to Jerum, with the proj- ect's 150,000-square-foot Bass Pro Shops anchor — another Connecticut first — not just open and operating, but performing well above expectations. Starbucks Cof- fee and Chipotle, which opened their doors last October, and T-Mobile, which opened in February, round out the initial tenant roster. In the fall of 2015, Bridgeport Land- ing announced that Hampton Inn would be the hotel flag and that Cinépolis Luxury Cinemas would be occupying a 50,000-square-foot space with 12-screens and approximately 1,100 seats. The Steel- Bridgeport's Steelpointe Harbor Taking Shape Connecticut's only Bass Pro Shops opens strong, with other tenants under construction. Randall Shearin Steelpointe Harbor will be a waterfront destination serving a large area. Cinépolis will open a 12-screen luxury theater at Steelpointe Harbor

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