BROCKTON — A 55-unit apartment complex with panoramic views is slated to transform the city’s only commercial high-rise by the fall of 2022.
“In a lot of ways this has been a priority in terms of the long-term development of downtown Brockton,” said Boston-based developer Ted Carman.
Carman plans to renovate the eight-story office building at 93 Centre St. into a mixed-use property containing 44 market rate apartments, 11 affordable apartments for people earning up to 80 percent of the area median income and 1,500 square feet of commercial space.
Carman’s company, Concord Square Planning & Development, filed for the building permit Aug. 9 but has been working on the project for years.
An 18-month legal battle over the conversion of the building into apartments ended in November when Yehia Abdelmonem, the former owner of 93 Centre St., formally agreed to vacate it after clearing out his furniture store on the ground floor.
Carman and Abdelmonem began redeveloping the property together but the two severed their partnership over financial disputes.
The Brockton Redevelopment Authority responded by seizing ownership of 93 Centre St. in 2018 through eminent domain. A trust controlled by Carman purchased the building, still sometimes referred to as the “Furniture Building,” from the city shortly after.
Financing of $2.3 million was arranged for the purchase by the Brockton Redevelopment Authority including investor equity eligible for the benefits of the Opportunity Zone program, which encourages investment in distressed areas in order to spur economic growth.
When the eight-story office building at 93 Centre St. opened in 1905, it was the tallest in Brockton and the earliest tenants were shoe manufacturers. But the building’s height was eclipsed during the 1970s by high-rise public housing complexes constructed in other neighborhoods of the city.
Seen as a centerpiece of the urban renewal plan for the city, the building’s proximity to the train station and location on Centre street has made it a priority for the city for development, Carman said.
Carman said his organization is very close to starting construction, within the next four weeks.
Once construction nears completion, Carman will begin advertising to retailers to rent the 1,500 square feet of commercial space on the first floor.
With reporting by Ben Berke.
Enterprise staff writer Darvence Chery can be reached at [email protected]. Support local journalism by purchasing a digital or print subscription to The Enterprise today.