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Hall & Moskow To Clean Contaminated Newburyport Sites With $525K MassDevelopment Loan

Sep 18, 2013 | Reprints | Unlock Link | Print

MassDevelopment has given a $525,000 brownfields loan to Hall & Moskow Inc., a residential landlord in Newburyport, to clean contamination on multiple residential sites in the city.

Once the sites are decontaminated, Hall & Moskow plans to build a community of townhouses with a focus on urban agriculture. The property management company expects to create a multi-unit development in quantity consistent with existing multifamily zoning. Hall & Moskow previously remediated a contaminated downtown Newburyport site into The Tannery Marketplace.

"The Brownfields Redevelopment Fund is a proven economic development tool, paving the way for development on challenging sites," MassDevelopment President and CEO Marty Jones said in a statement. "We’re pleased to provide this loan to Hall & Moskow so the company can transform these parcels into another vibrant residential Newburyport neighborhood.

Residential Real Estate