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Omni Properties, based in Concord MA, is in discussions with the City of Beverly to build a 160 unit apartment complex that would be called "Village Green Beverly." The development would be located in the area of Kelleher's Pond. Beverly would receive $677,000 from the state as part of the deal.
http://www.salemnews.com/local/x1221404329/160-apartments-proposed
Gloucester's unemployment rate down 15 percent from February to March. Shops and inns are opening earlier and have been taking on more reservations than usual this time of year. Yet optimism and a pickup in business activity aren't the only reasons Gloucester's jobless rate is lower. Read on.
Beverly City Council and School Committee members recently met for their annual meeting. School Superintendent Dr. Marie Galinski commented that school maintenance was being performed with a higher level of efficiency. One of things the Superintendent and a Member of the School Committee is looking at is, “How can the city and schools collaborate/consolidate on technology?”
Barry Bernardi, producer for the Adam Sandler movie "Grown Ups 2" has dropped his request to the town of Marblehead to dig up the town's football field, do construction, then film. Marblehead was to be paid $125,000 if the deal went through, but many residents objected.
Beverly schools have already taken steps to eliminate bullying. Beverly students were both leaders and participants of multiple workshops and discussions
In 2002, Mayor Bonfanti estimated the cost of a new high school at $86 million. The high school at the time under went renovations, a new school was not built though. Today, to replace the middle school, will cost approximately $89 million.
http://www.salemnews.com/local/x1720499682/Renovation-question-comes-full-circle-in-Peabody
Salem and Marblehead are working together on a possible puchase of the old Chadwick Lead Mills on Lafayette St. between the
2 municipalities. Since the property has been cleaned up and lead contamination containment has been assured, the property could go
1.6 million. $1.5 million of that would be paid for by Marblehead which has the majority of the land involved.........
Another company in Gloucester hopes to expand his business to the North in Newburyport, MA. Chris Costello, owner of Timberline, a lumber business, is scheduled to appear before the Newburyport Conservation Commission this week to get approval. Chris believes it's a great win for Newburyport - they're going to get 30-40 job opportunities. Great access via I-95. Read on about the great market opportunity.
Housing slide is ending nationally, and locally our spring market is HOT. We are seeing many multiple-bid situations for well priced homes. Buyers are beginning to understand that we are at a generational low in both prices and interest rates and they are snapping up the best housing opportunities.
Nearly six years after home prices started falling, more U.S. housing markets appear to be nearing a new phase: a prolonged bottom.
Hitting a bottom, of course, isn't the same as a full-fledged recovery, which is still years off for many housing markets—as well as for millions of people who purchased homes or took cash out during the bubble.
The good news is that housing construction and home sales appear to have hit a floor. Home builders cut back heavily in the past four years and began construction on just 434,000 single-family homes last year, the lowest level on record. Research firm Zelman & Associates estimates builders will start construction on 540,000 homes this year, a 24% increase.
New-home sales during the first quarter posted double-digit gains from the previous-year period. A rebound here is likely simply because "we've starved the market for new-home construction," said Ivy Zelman, the firm's chief executive.
