Search
 

Grossman Project Helping to Wake Up Downtown

QUINCY, MA-Grossman's plan to improve a building here and erect a luxury apartment house have locals hoping that the addition of residential units as well as additional retail will revitalize Downtown.

By Naomi Grossman | Updated on April 26, 2001

QUINCY, MA-The Grossman Cos.’ plan to improve the Munroe Building and build an apartment house nearby have the 90,000 residents here hoping these developments will revitalize Downtown. “It will have a positive impact on the streetscape,” Bernice Mader, assistant to city Mayor James Sheets, tells GlobeSt.com. “Now there’s an empty lot there. It also brings life to the area. It’s good to have people actually living in the Downtown area.” Mader also notes that the retail aspect of the project will provide local jobs and ensure that those workers contribute to the local economy.

The Grossman Cos. bought the Munroe Building, which is located right next to city hall here, for $2.7 million. The property includes a two-story, 67,500-sf building that has retail and office space and two parking lot parcels separated by an MBTA station. The development proposed by the firm includes internal and external improvements on the building and a 111-unit luxury apartment building on a 27,000-sf parcel near one of the parking lots. A two- or three-story garage would be put up on the third parcel. The project is estimated to cost $20 million. Mader also praised the company’s choice of local architectural firm, John Sheskey & Associates. “They are sensitive to the local area,” she notes.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.