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Arch Street in the News : Berkshire Trade & Commerce
- St. Ann's Apartments
- St. Ann's Apartments in Real Estate Journal
- St. Ann's Apartments in The Valley Breeze
- St. Ann's Apartments in The Providence Journal
- St. Ann's Apartments in The Woonsocket Call
- St. Ann's Apartments in Rhode Island Housing
- NH&RA Announces Finalists for 2007 Historic Rehabilitation Awards
RECIPE FOR REDEVELOPMENT...
Arch Street brings right ingredients for Clark Biscuit rehab
With the former Clark Biscuit Mill (background), Rich Relich and Colin O'Keeffe found a perfect project for their firm's specialty in utilizing low-income and historic tax credits for redevelopment purposes. The long vacant North Adams facility will be converted into 43 units of low-income rental housing.
A complex recipe of tax credits, grants and other funding ingredients is being used to facilitate the redevelopment of the former Clark Biscuit Mill building in North Adams. Colin O'Keeffe and Rich Relich, partners in Boston-based Arch Street Development, have been busily blending an assortment of financing sources for the $13 million project, which will transform the long-vacant commercial structure into an attractive and much-needed affordable housing complex in the city's downtown. "There is a growing need - a dire need - for this [type of housing] in our city," said North Adams Mayor John Barrett. "This project with the Clark Biscuit Mill will impact the working poor in a very positive way by providing a new supply of affordable apartments." Barrett said the project will also impact the section of the city surrounding the complex, which is situated on Ashland Street just to the south of the city center and adjacent to the campus of Massachusetts College of Liberal Arts. "It's an important development for that neighborhood, and I think it will lead to other improvements down the road," he said. In North Adams and other communities throughout New England, the escalating need for affordable housing and the renewed interest in revitalizing historic but long-vacant former mill buildings and other outdated facilities provide the public policy platform for companies like Arch Street Development to build upon. Click here to read more.