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Hajjar Management Co. Locks in $7M to Convert Fall River Elementary School to Multifamily
Milton, MA-based Hajjar Management Co., Inc., has secured $7.4 million from Rockland Trust for the acquisition and redevelopment of the former Notre Dame Grammar School in Fall River, MA. The three-story, 45,640-square-foot building, located at 34 Saint Joseph Street in Fall River, will be converted into a 48-unit apartment building known as The Lofts at Lafayette.
“The redevelopment of 34 Saint Joseph Street offers a unique opportunity to reinvigorate a vacant and historic building, preserving all of its structural elements as well as its exterior granite, brick and interior hardwood flooring, while also investing in Fall River’s residential market,” said Chuck Hajjar, president at Hajjar Management Co., Inc., a developer and manager of commercial and residential rental properties. “The end-result will reflect the quality of new construction in the bones of a solid historical building.”
All 48 units at Lofts at Lafayette will include two off-street parking spots. The property will include one-bedroom, two-bedroom and two-bedroom townhouse-style units.
- ◦Development
