Some higher density housing opening in Newburyport

[mdovell]

TOD - transit orientated development is a real thing. If you look at CT going south of springfield nearly every rail stop has a significant apartment complex. The prior governor was a bit of an ass to say the least but he loved transit and planted a fair amount of the seeds for this. Further north in springfield there's silverbrick apartments next to union station and a fair amount of restaurants.

Projects like this are complicated. The court square one in springfield involves mgm sponsoring housing, a company taking tax credits and then a reselling of a building just sitting there. In Europe this might be called a SPV - special purpose vehicle.

Now looking at the site I don't think there's anything technically wrong with it but what does it actually encourage. You start from the bottom up. Personally I don't find that many places that have studios and three bedroom apartments I find to be very rare. That's nearly a 1/3rd of these units. For a three bedroom I'm assuming a couple with one if not two kids. That's fine but when we start asking about above that then I wonder about fire codes and traffic. How many cars are allowed per unit? How many guests? What manages parking?

If crime is a concern frankly I find that if you take control of parking and cash you can lower it significantly.

The other part of this is section 8 will be accepted...but like all of them it's up to the section 8 administrator to ensure compliance. If there are any violations then the rental ends. Mass Nahro has significantly expanded training for section 8 termination hearings over the past four years. They wouldn't be doing that unless they anticipated more of them. Saying this I would generally expect good enforcement but until it opens up I don't know who would move in.

[Boston Shudra]

Originally Posted by Boston Shudra

Anyone know anything about the new building going up at Merrimac and Market? Tried searching online for details, but couldn't find any.

Found some info on the construction: https://images1.loopnet.com/d2/FFauy...20Brochure.pdf