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Boston & New England   /   March 5, 2021

David Cohen
By: David Cohen

Pennrose Breaks Ground on 60-Unit Adaptive Re-Use Project in Auburn

Multifamily developer Pennrose, along with the Town of Auburn, MASS., has broken ground on the adaptive re-use redevelopment of the former Julia Bancroft School.

The project will include 60 units for mixed-income seniors age 62 and older. Plans for the redevelopment of the property include a renovation of the original 1920s school building as well as demolishing the later-built addition and replacing it with a new, four-story building.

The Massachusetts Department of Housing and Community Development provided 9 percent federal low-income housing tax credits for the project. The redevelopment is slated to be completed in summer 2022.

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David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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