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Cordeiro Lands Financing to Convert Fall River Mill into Apartments

Cordeiro Properties has secured close to $10 million in financing from Rockland Trust to rehabilitate a 146-year-old former mill building, known as the Merrill Building in Fall River, MA. The former 30,937-square-foot mill, located at 66 Troy St., will have the top three floors converted into 36 market-rate residential units.

“We’ve been working with the Cordeiro Properties team for several years on historic rehabilitations throughout Fall River,” said James Joyce, VP, commercial loan officer at Rockland Trust. “This project, along with others we’ve worked on together such as Commonwealth Landing and International Ladies Garment Worker Center Building, help address the need for additional housing options on the South Coast.”

Cordeiro Properties has owned the property since 1999. The longtime tenants of the first floor, Southeast Center for Independent Living, will continue their lease. This project will be Cordeiro’s fifth historic project and is due for completion in 2025.

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Inside The Story

Rockland Trust's Joyce

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
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