Wednesday, May 20, 2020

The $3.5 million conversion of the former bakery continues to progress.  The first floor is being rehabilitated into commercial space while the upper two levels will contain twelve upscale loft units.  An estimated 35 jobs will result from the investment.  A development agreement provides the developer with a $300,000 grant and property tax rebates while the assessed value of the property must increase to a minimum $1.3 million.