FALL RIVER, MA-HealthFirst is taking a 78,000-square-footindustrial space and converting it to a community health center.The transformation at 387 Quarry St. will cost roughly $13 million,appraised at that cost in May 2010. The 3.64-acre lot is zonedBL-Local Business and is anticipated to deliver by December2011.

HealthFirst is receiving an $11.5-million grant from theFacility Investment Program in response to a Health Resources andServices Administration competitive American Recovery andReinvestment Act of 2009 grant opportunity. This was part of theHealth Center Program.

"They had this vision and they were aware of the grant moneythat was available, and they pursued this funding," explained MaryAnn Williams, project executive with Skanska USA Building. Skanskawas named by HealthFirst to renovate the property. An interiorrenovation will coincide with a modernizing of the exterior of thestructure. According to HealthFirst, it was a textile plant, aswell as a Bradlee's. The property has been vacant for at least thelast five years.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.