John Guedes, who operates the city-based Primrose Companies architecture and construction, said he has learned to take a believe-it-when-he-sees-it approach to Bridgeport’s economy: “Don’t worry about the ones (plans) that have been approved, worry about the ones that have been started.” This week, staff from the economic development department briefed members of the City Council on the status of several projects, including a few downtown where officials have for years been working to renovate or replace vacant and dilapidated municipally-owned sites on and off Main Street. He noted that there will be even greater demand for the new apartments because the coronavirus health crisis has been driving migration out of New York City into less-densely populated Fairfield County, with Bridgeport offering some of the cheapest rents compared with the southwestern suburbs. More than three years after selecting New York-based Exact Capital to renovate the historic but shuttered Majestic and Poli Palace theaters along Main Street and open a hotel and residential towers, that massive undertaking remains stalled.
https://www.ctinsider.com/local/ctpost/article/Some-key-Bridgeport-downtown-projects-moving-15743943.php?cmpid=gsa-ctpost-result&_ga=2.127104525.189720335.1606131310-2079383654.1604661679