Putnam Block Redevelopment: Phase I

Location: Bennington, Vermont
Cost: $30,700,000
Size: 78,000 square feet
Type: Mixed-Use
Status: Completed November 2020

The Putnam Hotel and the surrounding block represent the most prominent location in downtown Bennington, Vermont.  Having fallen into disrepair, the architecturally significant properties have been underutilized for years, perpetuating a state of decline in the downtown.  Revitalization of these celebrated buildings will be a critical economic infusion into Bennington’s downtown, creating a vibrant, mixed-use neighborhood. The vision includes in-town living, attractive retail, and office space, providing jobs and important amenities like a neighborhood grocery and restaurants.

The project was initiated by the Bennington Redevelopment Group (BRG), a consortium of major institutions, businesses and civic leaders in the Town. M&S has provided a full suite of development services including acquisition and design support, deal structuring, debt, equity, grant, and tax credit sourcing, tenant recruitment, and general contractor selection.