Mixed-Income Rental, Historic Preservation/New Construction


Approximately $26.8 Million





Property Website:

MPZ Development LLC and Capstone Communities Development LLC plan to create a mixed-income housing development through the renovation of the historic but long-vacant McElwain School, to provide 16 units, and the construction of 38 new units on the balance of the property. The project also includes renovation of the three-family house and barn on the adjacent property, which have been separately acquired, for an additional three units and maintenance work space.

To be collectively known as McElwain School Apartments, the development will provide a mix of one-, two- and three-bedroom apartments affordable to individuals and families whose incomes range from 30 percent to 60 percent of area median income as well as market rate units.

Designs for the adaptation of the schoolhouse for residential use will follow the Secretary of the Interior’s Standards for Rehabilitation. Federal and state historic tax credits are expected to make possible the preservation of the building’s architectural integrity, including installation of historically accurate windows and cleaning and repointing of the exterior masonry. The dramatic staircases and other interior common area elements typical of such school buildings will also be refurbished.

A three-story elevator building at the back of the three-acre site will be designed to complement its historic neighbor and to fit with the surrounding single-family homes and nearby apartment communities. The adjacent three-family house will be renovated, and a maintenance building will be created in the barn, maintaining the architectural character of the existing 1880 structures.

The developers were the successful bidders for the c. 1910 school property in an extensive Chapter 30B disposition process for surplus property with the Town of Bridgewater. Project financing will be through tax credits, state and federal housing funds, and private sources.

Currently in the pre-development stage, having secured all the necessary local financing commitments and completed a friendly 40B permitting process. Project completion is projected for 2022.

Clockwise from top: Existing Conditions, Aerial View of Site, Renderings