Developer Tony Cordeiro is focusing on creating market-rate apartments in Fall River, Massachusetts, with a vision of fostering economic growth through clustered developments. He owns 13 properties within a concentrated area and believes that combining commercial and residential spaces will enhance the downtown environment. Cordeiro has recently renovated two historic buildings into 38 loft-style apartments, with a portion designated as affordable housing, reflecting a growing demand for market-rate units in the city.
Cordeiro plans to develop an additional 200 units in the coming years, including a new project on Bedford Street. His latest developments, the Benjamin & Nathan Building and Downtown Lofts at Trolley Square, feature modern amenities and are already attracting tenants. Cordeiro’s projects have benefited from state and federal tax credits and loans, which he emphasizes are crucial for making such developments financially viable. Overall, Cordeiro’s efforts aim to balance the housing market in Fall River, addressing the need for both affordable and market-rate housing.
