Project Category: Substantial Improvement Property
The rehabilitation of a historic downtown building into a mixed-use commercial and residential TOD project, located on a Main Street corner in the heart of the redevelopment district.
Project Qualification: Substantial Improvement PropertyReal Estate:
Total Capital Required: $5,000,000Equity Required: $2,000,000Debt Required: $3,000,000Project Control: We own all the key propertyTimeline: 90-180 daysAddress: 19 Main Street Brockton Massachusetts 02301 United States
This 26,000 sf three-story building has the potential for 8,000 sf of ground floor commercial and 20 residential units on the upper two floors. Located two blocks from the MBTA commuter rail station to Boston's South Station (35 minutes), this Opportunity Zone project is located in the Downtown Brockton Revitalization District, the Brockton 40R Smart Growth Overlay District, Housing Development Initiative (HDIP) Program, and is eligible for Historic Tax Credits.