Salem, MA – MassDevelopment has awarded $80,500 from the Brownfields Redevelopment Fund to North Shore Community Development Coalition, Inc. (North Shore CDC) to perform environmental site assessments on four parcels in the Point neighborhood in Salem.
North Shore CDC will collaborate with North Shore Community Health (NSCH) to build the South River Revitalization Project at the site, which will include a 50-unit affordable senior housing facility and nonprofit center featuring a state-of-the-art health center, consolidated NSCH administrative offices, and other office space for area nonprofits.
The parcels, located at 9 Peabody St. and 73, 75, and 83-85 Lafayette St., are situated at the entrance to the Point neighborhood and include parking lots that have been vacant and a mix of underutilized commercial and retail properties situated in one building. A significant portion of that building will be demolished, while a current tenant, North Shore Bank, will remain at the development post construction.
Located on corner of Derby Street and Lafayette Street in the Point, this development will include a nonprofit center featuring North Shore Community Health’s new health center and administrative offices. Additionally, the development will include a new 50-unit affordable housing facility to be managed by North Shore CDC. The units will be rented to a mix of households earning up to 50% of the area median income, $47,000 for a one-person household, and up to 30% of the area median income, $28,200 for a one-person household.