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.
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. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.