I know comparing Boston to Worcester is unfair, but the private monies that are bing invested in the core of Boston is unreal. Meanwhile in Worcester there are only public subsidized projects in the urban core. Right now I can count two projects in the CARD districts:
- Piedmont Street
- Kilby Street
Projects on deck:
- City Builders--South Worcester
- Chevalier--Winn
- Old Trade School-- Winn
- Mason Street-Common Ground and partner
- 93 Grand Street-Main South CDC
We need to waive permitting fees and freeze assessed values for privately funded market housing.
3 comments:
Somerville expects 10% to be affordable
Do we know how Cambridge Hacker St is farng. How many units sold or have they tried to go the rental route.
Also How many units empty at Worc Comm Grd's May St St project excluding those flooded oout. This is 100% rentals.......right?
Dittos for Hadley Building at Main and Madison which is also rentals?
Jahn:
Cambridge/Hacker sold 2 or 3 units. I believe that they were trying to get a waiver to rent them since the initial grant monies were for owner occupancy. Evidently they did not get it since they are still for sale something like 60 K? Wonder how the three felt who bought in?
9 May Street, I believe is 100% rented, except the basement. If you were on rental assistance and could live in a brand new unit that costs $350 K to renovate, wouldn't you move there.
No idea about the Hadley, although I would think most are rented. The real question is will they rent the market rent units and the retail space. I highly doubt that.
Bill
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