A building that has a long history of manufacturing is now 40,000 sqft. of medical and office space. Because of the success we had rehabbing the first two buildings, we purchased 98 Adams Street in 2012. The property was comprised of two buildings. The first building would be named City Place and turned into 40,000 sqft. of high-end office space. The second building was later transformed into 51 apartments and 10,000 sqft. of retail space, which is now leased by the YMCA of Central Mass.
Southgate Business Park is a quasi-public and private development. The project is zoned to provide a variety of uses. In the last few years, we have built multiple commercial buildings in the park, including 500 Research Drive, which is leased by the Registry of Motor Vehicles. Our newest development is Northgate Meadows, which will be in Sterling, Mass. It will consist of 216 luxury apartments, when completed. The first units are expected to be ready in 2021.