MassDevelopment And HarborOne Bank Provide $11.3M Loan For Attleboro Redevelopment

The former mill and manufacturing facility located at 54 Union St in Attleboro, Massachusetts is set to undergo redevelopment thanks to a loan provided by MassDevelopment and HarborOne Bank. The property will be converted into 43 market-rate apartments, addressing the housing crisis in the community and diversifying the local housing stock.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,300,000
• Units: 43
• Address: 54 Union St, Attleboro, MA
• Market: Attleboro, MA

Developer Jonathan Cozzens will be spearheading the redevelopment project, utilizing the $11.3 million loan financing provided by MassDevelopment and HarborOne Bank. The collaboration between these lenders and the developer aims to transform the former mill and manufacturing facility into sought-after market-rate apartments, catering to the growing demand for housing in the area.