The 92-year old Aurora Apartments are going to receive an injection of $15 million to bring the complex up to date. Fairstead bought the 11-story building which comprises 105 apartments that are home to low-income senior residents.

The renovations will modernize the interior homes while preserving the historic facade as well as original mosaic tile flooring. Crucial infrastructure items like replacing electrical panels and main switchgear, sprinkler system, new roofing and two new elevators are all part of the upgrade.

Built in 1930 as a luxury hotel in the Neo-Gothic style, The Aurora is listed on the National Register of Historic Places. Known for its hand-carved fireplaces and grand common spaces, the new owner is pleased to bring back its luster, “Fairstead is proud to be stewards of historic properties across the country, and we are bringing our approach to preserving both history and affordability to the Aurora Apartments,” said Fairstead’s Allan Izzo.