A large apartment complex in downtown Springfield, Massachusetts has been sold to a New York City-based developer
A 280-unit complex of townhouses, one-,two-, and three-bedroom apartments known as Morgan Square has been bought by the SilverBrick Group. The company in a press release pledged to redevelopment the apartments for “ luxury style living.” Mayor Domenic Sarno has championed more market-rate housing downtown. Housing consultant Laurie Volk said the metro center has a lot of potential.
"It just takes more people living here to really get the downtown to feel like it is truly alive."
Massachusetts has a new state tax incentive program for housing development in the older so-called Gateway Cities such as Springfield.
