"They are absolutely magnificent," relays Abrams Propertiesprincipal Matthew Abrams, whose firm has a lengthy track record ofrevitalizing aging commercial buildings. Abrams adds that VinCo'snew urbanism approach enhances the allure for prospectiveresidential tenants. "There really is no other mixed-use projectlike Chestnut Green," he says. "Tenants can live in the apartments,work in the offices, walk to the supermarket and day care, and playin 40 acres of recreational fields." A shopping plaza nearcompletion will accommodate a bank, dry cleaner, hair salon, Irishpub, restaurant and Walgreen's pharmacy.

Monthly rents are being set from $1,200 to $2,500, while 14affordable apartments will be available for tenants earning 80% ofmedian income. Scheduled to open next June, the project willinclude one and two-bedroom units, as well as two-bedroom plus denor loft layouts, ranging from 780 sf to 2,800 sf. "The existingbuildings at Chestnut Green have many unique qualities that allowus to create remarkable space," says Abrams, including certainunits that will feature 20-foot ceilings.

The developer promises "condominium-quality finishes," includinggranite countertops, stainless steel appliances, tile baths andwalk-in closets. Tenant amenities run from a billiards hall andfitness center to a media room and roof deck. Despite the modernelements, the structures are being restored in accordance withNational Park Service Historic Guidelines, with upgrades to thewindows, exterior trim, slate roofs and repointing of brickwork.The buildings did suffer years of neglect upon closing, but Abramsexpresses confidence that the restoration will yield a desirableenvironment. "It's in surprisingly good shape," says Abrams, whosefirm has tackled similar reclamation challenges in such markets asLowell and Worcester.