59 Fountain Street
Rehabilitation and New Construction
Number of Units
Washington Square Ventures
Bargmann Hendrie + Archetype, Inc.
Acquisition & Construction Lender
59 Fountain Street (aka The Bancroft Building) is an old mill building that will be transformed into a transit-oriented multifamily project located in Framingham, MA – 20 miles west of Boston. The Property is located in Framingham’s revitalizing Central Business District, where multifamily use “as-of-right” was recently approved as part of a commitment to revamping the downtown area and fostering new commercial and residential development. The property offers a highly unusual set of characteristics –highly amenitized urban infill apartments with great public transportation on the edge of a large pond featuring both unique industrial style loft apartments and new construction.
The property consists of a 3+ acre site abutting the beautiful 149-acre Farm Pond which offers boating, fishing and other outdoor activities, in addition to the full suite of amenities located at the property including a gym, roof deck, and an outdoor pool. Many of the property’s unique industrial features will be preserved. Popular destinations within a short walk also include athletic fields, an ice arena, and the Cushing Memorial Park, comprised of hundreds of acres of parkland, including a golf course.