The CRE Insider
Four years ago, Quincy’s ambitious plans to remake its downtown were in shambles.
Many Bay State cities and towns eagerly publicize their local affordable housing projects.
When the Transformative Development Initiative (TDI) launched in 2014, MassDevelopment set out to sow the seeds for economic revitalization in the commonwealth’s Gateway Cities.
Mixed-income housing has been a growing trend in real estate over the past decade, spurred both by developers looking to set their proposal apart and by community demand for more financially diverse housing options.
Boston-based Trinity Financial is bringing development to neighborhoods that haven’t seen much new construction in decades, including the 215-unit Enterprise Block in downtown Brockton and the 83-unit Treadmark in Boston’s Ashmont section.
One image of Gateway Cities is of old, hulking vacant mill building complexes where workers were literally “gated” in to serve the manufacturing process.
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