Housing Incentive Program Results in $35M Mixed-Use Condo in Downtown Salem

A joint venture of Urban Spaces and Diamond/Sinacori has celebrated the opening of BRIX, a 61-unit, mixed-use condominium development in downtown Salem. The $35-million, transit-oriented development also includes 3,200 square feet of retail and restaurant space.

The project on Washington Street was jump-started in part by the Commonwealth’s Housing Development Incentive Program, which provides Gateway Cities like Salem with a tool to increase residential growth, expand diversity of housing stock, and support economic development. BRIX is constructed on the site of the former federal district courthouse and was the first homeownership project in MA to utilize the program.

“You would normally find this type of urban housing in places like Boston or Cambridge,” said Paul Ognibene, CEO of Urban Spaces. “For us to be able to deliver a building like this in downtown Salem is a testament to the city’s desirability, including its walkable burgeoning business district, cultural opportunities, infrastructure and natural beauty.”