The land that housed the former historic National Grid Thomas Edison Light Station at 60 Hartwell Street has been sold.
The buyer is Cordeiro Properties which already owns the adjacent Kay Building as well as a long portfolio of other downtown properties. Local Developer Anthony Cordeiro is planning to construct a 6-story mixed-use building on the site and add additional parking to the Kay Building.
The proposal at this point calls for commercial space on the 1st floor with market rate housing proposed for the remaining 5 floors of the building. Construction would start sometime in 2022.
The National Grid Thomas Edison Light Station was demolished in August of 2018.
In January, Cordeiro was given the greenlight to move forward on a similar mixed-use development project slated to be built at 295 Bedford Street and 50 Seventh Street. The properties were once home to Cantin’s Clunkers Used Cars and Jeronimos Collision Center.
The Fall River Zoning Board unanimously grated a Special Permit request to allow construction of a six-story, multi-use building consisting of up to 72 apartment units and up to 5,000 square feet of commercial space. The apartments will be market rate unit only with NO subsidized housing on site.
The footprint of the new building would be located very close to Bedford Street with 46 proposed one-bedroom apartments and the remaining 36 units would consist of 2- & 3-bedroom apartments.
There will be a one-to-one unit parking ratio of 72 off-street parking spaces with access only from two driveways on 8th street. A maxium total of 5,000 square feet of commercial space will be located on the first floor of the building. Anthony Cordeiro has been very bullish on downtown market rate housing in Fall River with the completion of 2 major projects recently.
Cordeiro gutted and renovated the historic Trolley and Benjamin at & Nathan Buildings. The redevelopment created loft style apartments to suit the needs of young working professionals and older, empty-nesters who love city living. Anthony Cordeiro also purchased another piece of downtown real estate, the vacant Garment Workers Building at 38 Third Street in 2019. Cordeiro is planning additional market rate housing for the site. Construction is set to start this May.
