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In this case the static ip is (or ought to be) a red herring. Its only purpose is to allow you to configure the device through a web browser, and not by plugging in a serial cable and using a VT100 interface. (Everybody who knows what a VT100 is... DRINK!! If you actually used one, two drinks.)
I'd suggest taking a look at the router config. It should have a page telling you what devices are actively talking to in on the LAN side. You can at least confirm (or not) that the bridge got onto the network and picked up an address.
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