TURNERS FALLS, MA-A turn-of-the-century bank building that eventually became a boarding house before a fire all but demolished it has literally risen from the ashes. The new structure comprises 48 units of affordable housing in western Massachusetts.

Joan Bernstein, assistant director of the Franklin County Regional Housing and Development Authority, directed the project. Bernstein tells Globest.com that construction was done by Rural Development Inc. a local non-profit organization that builds low-income housing in the Franklin County area. The Bank building, which is complete, also includes approximately 4,000 sf of office space. Two spaces are being leased to the U.S. Fish and Wildlife service and Bernstein says the third space has just been leased to Greenfield Community Television Inc., the local Public Access Television station, for a new studio. All of the landmark row housing will be converted to residential use. The overall construction budget was estimated to be about $4.5 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. Multifamily Fall 2022Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.