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Groundbreaking for redevelopment of Imperial Knife

Imperial Knife
In mid-June, Trinity Financial and Trinity Management staff joined Rhode Island and Providence officials for the groundbreaking at the former Imperial Knife Factory, 60 King Street, Olneyville. That name is familiar to non Rhode Island people, but it is a section of Providence that is not considered chic. A former brownfields site, the factory will undergo an historic renovation that provides 60 units of housing, 54 of which will be affordable. They will be ready by the autumn of 2018.

Orient Heights, East Boston’s largest public housing development, is in for a transformation with Phase 1 demolition in full swing. Four buildings containing 90 apartments and the boiler plant are now history, and crews are beginning construction of townhomes and one mid-rise containing 120 affordable units. Former residents will have first dibs when completed. The next two phases begin in 2018 and 2020, if all goes according to plan.

UMass Lowell is leasing the rest of 110 Canal in Lowell, except for space already occupied by Dimeo. They had been the first tenants there, with the creation of The Innovation Hub, a place for start-ups to get the leg-up they need, so to speak. UMass Lowell received a $19 million grant for a Fabric Discovery Center on the second floor.

Washington Village is an old, distressed public housing site in Norwalk, Connecticut, and it will be transformed after many delays and concerns about storm surges like those experienced in Superstorm Sandy. Construction will proceed in phases. Phase 1 will include 40 public housing units, 18 tax credit units and 22 market-rate units on two vacant lots (80 total). Residents in current buildings can then be moved here while demolition continues, until eventually 273 units are created. Half will be public housing.

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