Affordable apartments planned for vacant Southbridge mill
The cogeneration facility will deliver more than one megawatt of power upon completion, providing more than 70 percent of the project's electrical needs and the majority of its thermal requirements.
"This project demonstrates a huge vote of confidence in our future, and the viability of industry growth in central
Concerning the housing project,
The building has been vacant since the 1980s.
The housing project, called "Southbridge Mills," is a private redevelopment and would be the first residential component of the Southbridge Innovation Center, which contains 1.2 million square feet inside of 12 buildings, including the 205-room
Plans call for the building to hold a dozen one-bedroom units, 31 two-bedroom apartments, and five three-bedroom units,
It will take two years to get the tax credits, but if leased today, one-bedroom units would rent for
The apartments are affordable in the sense that they are limited to households whose incomes are less than or equal to 60 percent of the area median income in a HUD-designated section of
Project architect
She said plans call for the units to be sized comfortably, starting in the 600-square foot range. The roof, windows, elevator and stair tower will be replaced, but the existing and distinctive "AO" tower will be maintained, with new glass and lighting.
The housing project faces challenges concerning flood prevention rules and zoning.
According to the
The property is zoned for industrial purposes only, so the project will be pursued under the so-called Chapter 40B process, which would allow the owner to obtain a residential permit without changing zoning for the entire area.
At
Councilor
Town Manager
The developer also recently donated nearby riverfront to the town, and
___
(c)2017 Telegram & Gazette, Worcester, Mass.
Visit Telegram & Gazette, Worcester, Mass. at www.telegram.com
Distributed by Tribune Content Agency, LLC.


Flood insurance claims from Irma could top $11 billion from Harvey, FEMA official says
Republicans try to pressure McCaskill, other Dems, on healthcare reform
Advisor News
- Majority of Americans concerned recent market highs are unsustainable
- GLP-1 users choose between medication and retirement saving
- Gen X and millennials seek new retirement model
- Are families ready for the costs of aging at home?
- When a client moves, their insurance plan needs to move, too
More Advisor NewsAnnuity News
- A client remarried: Does their annuity still fit?
- Gen X and millennials seek new retirement model
- Global Atlantic names Dan Farrelly head of IMO and IBD channels
- A rising retirement challenge: The license to spend
- What lower interest rates mean to annuity payouts
More Annuity NewsHealth/Employee Benefits News
Life Insurance News