Construction has essentially wrapped up at The Crossing at Bedford, the mixed use project at
54 Loomis Street in the Depot District. Construction
started in September 2014, and got delayed somewhat most likely due to the heavy snowfall last winter. While there are a few minor items such as additional landscaping to be completed, the project is expected to get it's certificate of occupancy very shortly which will enable people to start moving in within the next few weeks.
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The second building contains Eight 2 Bedroom and Four 1 Bedroom units. |
The Crossing consists of two buildings with 19 Residential Condos and three retail spaces which are located in the first floor of the building closest to Loomis Street. The residential condos have already sold out, although a few may have been bought as investment properties as at least one is currently
available for lease.
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The three retail spaces occupy about 2800 square feet. |
While the three retail spaces were originally promoted as traditional retail leases, a decision was made to offer then as retail condos. While this is not yet common, retail condos have become a
lot more popular in recent years. All three of the retail condos have been sold. The new retailers include
Body Boutique (moving from just down the street at 50 Loomis),
The Orange Chair moving from 50 Great Road and some type of food place (may be called Private Kitchen, stay tuned for more details).
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A new public walkway across the property connects the Minuteman Bikeway to the Narrow Gauge Trail. |
The new condos are located right next to Depot Park and along the
Route 62 bus route.
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Note the external fire sprinklers just above the windows. This was a condition of a variance to let the developer build closer to the property line. |
Comments:
1. This project should add some additional vitality to the Depot District.
2. It's interesting to note how quickly the condos sold out. There seems to be a lot of demand for apartments centrally located where you can easily walk and bike and be close to mass transit. I expect to see some additional proposals for condos and/or apartments in the surrounding area in the next year or two.
3. The past year have seen several retail oriented businesses moved out of 50 Loomis Street. This building was originally built in the 1960's and might benefit from an exterior renovation.
December 17th Update: Lynn Garber an owner of 50 Loomis Street has notified me that both of the businesses that have moved out was due to changes in business plans - one wanted more visibility on Great Road and the other was interested in buying their own space.