Hollow Choice Neighborhood Initiative Market Study

SB Friedman assessed market conditions to inform a redevelopment strategy for an underserved neighborhood and distressed public housing site in Bridgeport, CT.

Client

Park City Communities

Areas of Expertise

Planning, Housing

Services

Market Analysis, Housing Needs Assessments, Housing Strategies & Implementation

Location

Bridgeport, CT

Park City Communities was awarded a Choice Neighborhoods Planning Grant through the U.S. Department of Housing and Urban Development in September 2023 to support the redevelopment of distressed public housing and expand health, education and income-related services for residents of the Hollow neighborhood. SB Friedman prepared a market study with a specific focus on the Charles F. Greene Homes site.

Work Completed

Analyzed demographic and socioeconomic factors within the planning area 


Analyzed recent market performance of residential and commercial uses in the planning area and broader Bridgeport market 


Projected affordable housing needs at different income levels and for various housing types 


Identified unmet commercial and community needs within the planning area 


Prepared strategic recommendations to improve quality of life and outcomes for area residents 


Developed market-responsive redevelopment programs with recommendations for housing units and commercial square footage that could be supported within the planning area 

Results

SB Friedman completed a draft market study in January 2025. The Hollow Choice Neighborhood Transformation Plan: A Vision for Revitalization and Community Growth was released in November 2025. 

Bridgeport CNI Market Study Source Park City Communities