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Developer Begins Downtown Haverhill Housing Project

Nov 17, 2020 | Reprints | Unlock Link

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Image courtesy MassDevelopment

A $2 million loan from MassDevelopment will support conversion of a vacant downtown Haverhill building into market-rate housing and retail space.

Developer Ted Ammon purchased the four-story former Haverhill TV and Appliance building in 2019 following the appliance store’s closure and broke ground in September. Plans call for a pair of ground-floor retail storefronts and nine market-rate apartments.

MassDevelopment previously provided funding for Traggorth Cos.’ redevelopment of a vacant building at 81-87 Washington St. into the 24-unit Granville apartment building and predevelopment loan for Traggorth Cos.’ JM Lofts project, which created 18 market-rate apartments at 37 Washington St.

The projects were an outgrowth of MassDevelopment’s Transformative Development Initiative, which encourages economic development in walkable Gateway Cities neighborhoods.

Commercial & Industrial