In April, 2015 the Brattleboro community became aware that one of its largest employers of skilled workers was planning to move out of state. Realizing the blow this would deal to Brattleboro’s economic viability in the wake of the recent Vermont Yankee closing and subsequent loss of 500 high-paying jobs, M&S Development partnered with Brattleboro Development Credit Corporation (BDCC) to “sell Vermont”to the owner of GS Precision, Inc.
The GS Precision Expansion project went through several iterations as development options were presented to the owner. With a preferred concept in place M&S and BDCC structured a financing package. They worked with the owner’s architectural team to create a project which enabled this Vermont company to expand and meet its production commitments at its current facilities in Brattleboro.
M&S took the lead on navigating the complicated financing package and in negotiating with the owner to assure an economically attractive agreement for the company. They worked closely with state regulators and town officials to achieve the compressed schedule. Remarkably, the project closed eight months after inception.
Mount Anthony House is the exciting second phase of the Putnam Revitalization Project.
Community leaders launched the ambitious, multi-phase project in 2016 with the goal of transforming a whole city block in the heart of downtown Bennington, Vermont. The group’s aspirations extend beyond the Putnam Block, however. They wanted to renew the community’s faith in its local economy and create a strong sense of place.
This second phase includes the infill development of a new building on a remediated Brownfield site within walking distance of downtown Bennington’s amenities. The new structure will follow Vermont’s stringent energy standards and provide a mix of health care offices, retail space, rental apartments, and condominiums.
Over several decades, this area has experienced a decline in both the quantity and quality of residential rentals. Putnam Community Health’s 60 new housing units will help reactivate the severely distressed downtown. The new housing builds off the 22 units created in Putnam I and unlock the potential for 30 more units of permanently affordable housing in phase III
