Image by RenderSphere
A pair of property purchases in recent weeks has set the stage for a long-planned apartment building near the foot of Libby Hill.
Local developer Guy Blundon this month closed on the second of two deals needed for his 180-unit Shiplock Views project, set to rise along East Main Street between Pear Street and Williamsburg Avenue. Combined, the two deals total just over $9.33 million.
On Feb. 7, an entity tied to Blundon’s CMB Development purchased the existing 51-unit Lofts at Shiplock Watch apartments, which is slated to be absorbed into the new development. The three- and four-story building, totaling about 46,500 square feet, sold for $6.6 million, city property records show.
One of the bigger concerns with residents in the area was the height of the buildings proposed.
While the redesign allowed for more units, the height of the new building remains five stories on the Main Street side and nine stories above ground on the river side of the sloped site. Building height had been a point of contention for nearby residents with previous development proposals, including a 13-story condo tower that was withdrawn due to concerns from neighbors.
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