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This project includes the renovation of the original school building, demolition of later built wings, and construction of a new addition. The development will include 55 total units comprised of studio, one-bedroom, and two-bedroom apartments. Eighty percent of the units will be for seniors at or below 60% of the area median income (AMI). The additional 20% of units will be at market rate rents. This development is for seniors 62 and older. Community amenities include a community room, meeting room, and laundry rooms. As part of the development plan, Pennrose has contributed $25,000 to the Town for new equipment for the playground which will remain behind the building and owned by the Town for resident’s continued use. Pennrose will also be adding landscaping and benches to enhance the area.
Pennrose was selected as the developer following a Request for Proposals issued by the Town seeking to redevelop the vacant school property with a preference for senior housing. “Since being selected for the project, Pennrose has worked closely with the Town of Auburn to progress the design and financing plan,” said Charlie Adams, Regional Vice President at Pennrose. “We see great opportunities here to create some intergenerational experiences for our residents and the community.”
Town Administration would like to extend their sincere gratitude to Pennrose for their diligence and commitment to bringing high quality and affordable housing to Auburn. Additionally, we would like to thank the Baker-Polito Administration and Lieutenant Governor Karyn Polito for her support and advocacy for this project, as well as the many advocates and supporters involved. This truly has been a collaborative effort involving our local, state and federal officials, including Congressman McGovern, Senator Moore, Representative Frost, the Board of Selectmen, the Historic Commission, the Elementary School Re-Use Advisory Committee, the Planning Board and the Zoning Board of Appeals, Town Meeting members, as well as the many department heads and employees who have worked diligently facilitate the redevelopment of the Mary D Stone School into much needed affordable housing for seniors.
Please note that this is a private development and Pennrose is handling all leasing activities. If you have any questions you can email: MaryDStone@Pennrose.com or call 508-659-2871. For more information please visit: MaryDStoneApts.com