WinnDevelopment Breaks Ground on $19M MXU Project in New Bedford
WinnDevelopment has broken ground on the $19.2 million redevelopment of New Bedford’s Cliftex Mill building. The project is approximately 60 miles south of Boston.
The 114-year-old building will be converted into a 71-unit mixed-income housing development for adults over 55 years old. The majorority of the units will be reserved for renters earning 60 percent or less of the area’s median income. Amenities are planned to include a fitness center and resident lounge. The project is slated to be completed in August of 2021.
“We’re excited to start work on an expansion of Manomet Place,” said Adam Stein, executive vice president at WinnDevelopment in a statement. “We first envisioned this project back in 2012, when we helped this property earn a spot on the National Register of Historic Places. Now, we have the opportunity to create a true mixed-income community that combines the affordable, workforce and market rate housing that seniors in the New Bedford area desperately need.”
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.