2020欧洲杯APP下载Stonebridge Mutual Properties hopes to construct a 44-unit apartment building on the former site of Central Glass, next door to downtown's commuter rail station and bus terminal.
2020欧洲杯APP下载BROCKTON — A closed auto glass business abutting downtown’s commuter rail station is slated for demolition later this year, with the property’s owners proposing a large market-rate housing complex in its place.
The owners, a trio of general contractors from Quincy doing business as Stoneridge Mutual Properties, plan to construct a building with ground-floor storefronts and upwards of 40 residential units at the corner of Centre and Commercial streets, where Central Glass operated until its closure in 2018.
If constructed, “Centre Station,” as the project is known, would sit next to the “Commercial Station” apartment complex completed by the same developers in September. Darrin DeCoste, a managing partner at Stoneridge, said the 24-unit Commercial Station, converted from a former state government office, leased out in less than two months at higher rents than expected.We can deliver news just like this directly to your inbox. You can sign up for This Just In (a daily 7:30 p.m. newsletter with items we've posted that day), News Alerts (so you don't miss anything important) and more. It's customized to your preferences -- and it'll only take a few seconds.
Renderings for Stoneridge’s latest development show a five-story building that runs right up to the sidewalk on both Centre and Commercial streets, clad in beige and gray siding.
On the ground floor, DeCoste plans to block out space for a café and other businesses.
“There’s 5,000 people that work within a three-block radius downtown and there’s nowhere to eat,” said DeCoste, who mentioned that one of the city’s largest employers, the officer supply company W.B. Mason, maintains its own private cafeteria. “I think there’s a demand.”
2020欧洲杯APP下载The unit count for Centre Station, currently estimated at 44 one and two-bedroom units, is subject to change.
“There’s going to be a little horse trading between the number of parking spots and units,” said DeCoste, who is considering on-site Zipcars as a potential selling point for carless, Boston-bound professionals.
2020欧洲杯APP下载“The area is designed for what everyone keeps talking about: transit-oriented development,” Dacoste said during an interview inside the old Central Glass building, where Stoneridge has temporarily set up offices.
2020欧洲杯APP下载The parcel, purchased for $425,000 in 2018, is steps from a Boston-bound commuter rail station and a bus terminal that serves as the hub of the Brockton Area Transit Authority. DeCoste said he hopes to demolish the one-story commercial building that housed Central Glass within six months to make room for the new building.
The project would be Stoneridge’s first attempt at new construction in the city.
2020欧洲杯APP下载The company purchased its first Brockton properties during the foreclosure crisis, focusing on gut renovations of houses and small multi-family properties, according to Greg Keefe, another managing partner at Stoneridge.
2020欧洲杯APP下载But as the company’s relationship with former Mayor Bill Carpenter grew stronger, Keefe, DeCoste and their third partner Steve Baylis decided to make a bigger bet on Brockton.
Stoneridge now owns the former Isam Mitchell lumber yard at 362 Montello Street and an office building at 4 Main Street, which currently houses Brockton Family Dental.
2020欧洲杯APP下载Keefe said the company is interested in developing a cluster of city-owned parking lots behind the office building that Brockton’s redevelopment authority plans to auction off once the Mayor Bill Carpenter Garage starts operating at full capacity.
2020欧洲杯APP下载Stoneridge’s partners said they see themselves as part of a small but devoted scene of developers who envision “a new neighborhood” in the blocks surrounding downtown Brockton’s train station, where a number of former commercial and industrial properties have already been converted into condominiums and apartments.
Stoneridge’s partners meet on a regular basis with real estate investors, local lenders and city officials at a business breakfast hosted by an area bank.
“The takeaway is if Brockton was a stock, buy it now because you’re buying low,” DeCoste said. “Within ten years, I think there’ll be a dramatic change.”
2020欧洲杯APP下载Staff writer Ben Berke can be reached at firstname.lastname@example.org