Transcript and Bails Buildings
Holyoke, Massachusetts
As part of Holyoke’s ongoing revitalization program, Weld Management acquired five distinct but connected buildings on the heart of the city. One of the buildings was an abandoned newspaper plant, and all were deemed significant historic rehabilitation. Total restoration and extensive interior reconfiguration resulted in the creation of 32 one-and-two bedroom apartments and five retail stores. The project was made possible by Weld’s ability to produce a highly creative financing package which included a floating rate mortgage with the local banking consortium; community development funds; a second mortgage; and an historic syndication. All apartments are retail units are fully leased.
