Click image for Haverhill City Council agenda.
Haverhill’s City Council Tuesday night intends to consider a proposal from the Lowell-based Princeton Properties management group to add a 32-unit garden style apartment building to the existing Forest Acres community in Bradford.
Now known as “Princeton Bradford,” the 45-year-old apartment complex purchased by Princeton Properties is in the early stages of a three-year improvement plan that will see the complex’s 49 existing buildings—410 units—and various facilities receives interior and exterior upgrades. Princeton Executive Vice President Sarah Greenough walked WHAV exclusively through the changes last November.
“If you read the history of the property, it had such a wonderful communal spirit years ago when it first was conceptualized. It had all sorts of community events and it had a really nice resident base. And so, we are trying to bring it back to life,” Greenough said.
The project, that carries a $6 million price tag, is expected to be completed by early 2020.
The most recent upgrades being heard Tuesday night have won early praise from city officials. Economic Development and Planning Director William Pillsbury Jr., among others, offered an endorsement in project-related documents obtained by WHAV.
“I believe this project is in the best interest of the City of Haverhill in that it provides needed market rate housing in the city without the requirement to add additional utilities to service the project,” he said in a memo to councilors.