www.berkshireeagle.com/ci_10234956?source=most_emailed -
[Cached Version]
Published on: 8/18/2008
Last Visited: 8/18/2008
"The model we've developed here and in Pittsfield is working well in the big cities, and there's no reason it can't work here," said David Carver, managing partner of Scarafoni Associates, who is also developing condominiums in the Clock Tower building in Pittsfield.
...
"There is still a lot of interest in that, and Mr. Carver continues to expand his product," Barrett said.
...
"The facades of these building are absolutely exceptional, and they're structurally sound — which makes them worthy of renovation," Carver said.
During the late 1990s, a master plan began to take shape.
"We had no idea whether it would work or not," Carver recalled."We decided to try a small piece of it and see what happens.When you do a piece at a time, if it doesn't work, you're still alive to fight another battle."
So with "selective demolition" that took down certain sections of buildings to open parking and accessibility while still maintaining the facades and the structural integrity of the buildings, the neighborhood was made both more attractive and more accessible for residential development.
Inside, the buildings were undergoing "a very radical makeover — we had to take the plunge and take a risk," Carver said.
...
North Adams condominium buyers, Carver said, "are very special customers, and they are out there.
...
The condominium and upscale apartment concept became a topic of conjecture about 10 years ago, Carver said.As the market grew, its appeal for investment grew as well, especially since there had been nothing new in market-rate housing offered in North Adams' downtown for 40 or 50 years.
It had become a concentrated zone of low-income housing, with no higher income housing as a counter balance, "which is just not healthy for a neighborhood," Carver said.
The advent of the automobile made urban centers more congested and more difficult to navigate.Then, as malls and big box stores with their acres of parking came to take the banner from downtown retail stores, urban developers kept pushing the traditional retail model.
"We were fighting a battle we'd already lost," Carver said."We failed to realize that the urban anchors now are cultural attractions and housing.Retailers are not the pioneers, they are the followers."
Meanwhile, the computer was battering the downtown office market.
"Now, it takes half the people to do twice as much of the work," Carver said."Computers cut the office market in half."
So some new thinking had to evolve to make the downtown area shine again.When city officials began pushing for the Mass MoCA project, and other cultural attractions followed in its wake, it became apparent what the residential strategy should be.
"We thought that to have a vibrant downtown, we needed a mix of income levels to have an affect on the downtown office and retail market," Carver said.
...
Whether they will be condos or apartment depends on the economy, and on the demand, Carver said.
"We'll wait and let the market steer us the right way," he added."That's the plan.