Salem MA Developments

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Financing Secured for Salem School Apartments​

“North Shore Community Development Coalition has closed on financing for the Salem Schools Apartments, the rehabilitation of two former school buildings owned by the Roman Catholic Archdiocese. North Shore CDC plans to build 29 affordable apartments (twenty-five Studios/1 Bedrooms and four 2 Bedrooms. The former school auditorium will be transformed into approximately 7,000 square feet of community amenities for creatives.”

https://www.bldup.com/posts/financing-secured-for-salem-school-apartments

Construction has started on the second of the two conversions of former school buildings. This one is the former St. James school site, and is the new construction part.

Image courtesy of the Globe, and ICON architects. Note the brickwork, explained in part below.

The future Residences at St. James School will consist of 32 affordable apartments for people 62 and older. Hawthorne Lofts — the former St. Mary’s School — will have 24 affordable and five market-rate apartments. Some of the loft apartments will have a preference for artists.

the project will bring new life to two historic red-brick buildings. The four-story St. James school was built in 1906, and the three-story St. Mary’s in 1941.

“Both schools are historic gems that will be meticulously restored to National Park Service design standards,” Northcutt said.

“With high ceilings and extra large windows that provide lots of natural light, these new apartments will be a beautiful place to call home and will provide high-quality affordable housing,” said Jennifer Kolodziej, project manager for North Shore CDC.

The 29 apartments at Hawthorne Lofts will include eight units for those earning up to 30 percent of the area median income, which is $140,200 for a family of four; 16 for those earning up to 60 percent; and five at market rate.

The 32 apartments at the Residences at St. James for those 62 and older will include eight units for households earning up to 30 percent of the area median income and 24 for those earning up to 60 percent.

Photo below of the original St. James school, which is being retained and converted. The rendering is of the new addition, being built on what was formerly a parking lot.

Plan to convert two former Catholic schools into affordable housing advances in Salem - The Boston Globe

North Shore Community Development Coalition plans to convert the former St. James School and the former St. Mary’s School to a combined 61 apartments, 56 of them affordable.

www.bostonglobe.com