With a final round of grant awards announced in Fitchburg yesterday, we now know how much the big million boost in tax credits for Gateway Cities developments passed by the Legislature 18 months a go will do.
Massachusetts is home to thousands of “brownfields” – buildings and land that are blighted and hampered by chemical contamination – with many in Gateway Cities. This year marks the 24th anniversary of the launch of a highly successful investment program that’s redeveloped hundreds of these sites.
The new Fitchburg Arts Community demonstrates a potential playbook for successful financing of housing through public subsidies in Massachusetts’ Gateway Cities.
Two previously hardscrabble, post-industrial cities are snagging westward-bound homebuyers escaping higher real estate prices in the Greater Boston area.
A renovation of Fitchburg’s city hall by Medford-based Bond Construction garnered Preservation Massachusetts’ Paul & Niki Tsongas Award, which recognizes the best in historic preservation efforts across the commonwealth.
Grants of up to $100,000 to plan, develop and build out collaborative workspaces are up for grabs again under a program that has dished out $8.4 million to 136 applicants during its first four rounds of activity.
An online marketplace for impact investors looking to put money into “smart growth” opportunity zones has launched featuring seven Massachusetts communities, including Boston and Salem.
Real estate investors should pay special attention to downtown areas of Brockton, Fitchburg, Lowell, Lynn and Worcester, where overlapping HD zones and Opportunity Zones are within walking distance of commuter rail stations.
Francisco Torres is working with Fitchburg to restore vitality and bring more foot traffic to its downtown, helping potential retail tenants seek lease subsidies and providing developers with advice on converting vacant buildings into housing.
Workers Credit Union may be moving its headquarters staff to a new, expanded facility in Littleton this summer, but its main operations center will remain in the old head office in downtown Fitchburg.
The 350,000-square-foot former Simond Saw factory in Fitchburg will be repositioned by the new owners following a $5.6 million sale.
A $3 million infrastructure grant will help transform downtown Fitchburg, in part, by leveraging up to $100 million in private investments and supporting housing and mixed use development planned in the city’s “smart growth” district.
Five towns central Massachusetts towns hit hard by foreclosures after the 2008 recession stand to benefit from a multi-agency program that aims to rehab blighted properties, incorporating energy efficiency measures, and to sell the newly-efficient homes to low- and moderate-income families.
About $80 million in government funding and $40 million in tax credits will preserve and produce nearly 1,600 housing rental units in Massachusetts, under a round of awards announced Thursday by Gov. Charlie Baker.
Gateway Cities like Lawrence that are within bearable commuting distance of Boston’s core have seen demand for their houses soar as Boston homebuyers seek to avoid the hellish traffic and transit problems gripping the region.
Work is underway at the future home of Workers Credit Union’s latest branch in Littleton.
Officials in Leominster, Fitchburg and the surrounding area are pushing for upgrades to Route 2 in order to attract more businesses and investment to the area.
Fitchburg’s public and non-profit sectors are preparing to roll out a $100 million red carpet to entice private developers, retailers and restaurateurs to join in revitalization efforts of the city’s downtown area.
The board of directors of the Fitchburg Redevelopment Authority has hired Meagen Donoghue as its new executive director.
Redevelopment visions in Chelsea, Fitchburg, Lawrence and Worcester will be advanced with the aid of four point people introduced Tuesday by the state’s economic development agency.
