ENTERPRISE CENTER*

Type:

Mixed-Income Rental, Mixed-Use, Transit-Oriented

Total Development Cost:

$100 Million

Phase 1 Completed:

2015

The Enterprise Center project is a vibrant, mixed-use development that recreates a significant city block and its street edges in downtown Brockton. The transit-oriented development sits within walking distance of both the commuter rail station and the city’s center. Permitted in two phases, the project includes the restoration the historic Enterprise Building (once home to the local newspaper) and new construction to provide mixed-income and artists’ housing as well as retail and commercial space. Bounded by Centre Street, Main Street, Montello Street and Petronelli Way, the block had suffered from considerable blight and physical deterioration over the years.

The Enterprise Center has been the catalyst to attract significant reinvestment back to downtown Brockton and has begun to reinvigorate what was once a bustling downtown location. Designed to comply with the goals of the Downtown Brockton Smart Growth Overlay District and permitted using the Commonwealth’s 40R Permitting Process. the project was funded with Low Income Housing Tax Credits, New Market Tax Credits, private tax credit equity, and other public and private resources.

An extensive process with the community to produced a multi-phase development program reflective of the goals of the City and its residents. The first phase  produced 113 units of rental housing in a new building: 42 live/work units for artists earning up to 60% of the Area Median Income and 71 mixed-income units. The new building also accommodates neighborhood retail, artists gallery space, building amenities including a club room, yoga room, coffee bar and fitness room, onsite management offices, green space, and garage and surface parking.

The historic 1887 Enterprise Building was rehabilitated to create 55,000 square feet of new commercial and office space. Now occupied by the Massachusetts Department of Transitional Assistance, the building also has provisions for a restaurant and collaborative workspace.

The second phase of development, yet to be built, consists of 111 units of housing, again a mix of affordable and market rate units, as well as a 414-space parking garage and additional green space. District Improvement Financing will be utilized to help finance the public improvements; the creation of the district was championed by the developer.

Upon completion, the Enterprise Center will consist of 224 units of housing, 10,000 square feet of retail and artist exhibition space, 52,000 square feet of commercial space, and 588 parking spaces.

*NOTE Project completed by Mathieu Zahler as an employee of Trinity Financial.