122-unit senior housing development proposed for Main Street

Mar 26, 2015

The people behind a potential 122-unit “senior housing project” on Main Street see Wareham as a perfect fit.

“We’re here really at the beginning phase of putting together a project that we think is a rather significant project for the town,” said Attorney Leonard Bello, who was one of four on hand at a meeting of the Planning Board Monday to introduce the project to the board. “We thought it appropriate that we should . . . give Planning Board a preview. [We want] to get some type of feedback from the board and see if they think it’s a project they’d like us to pursue.”

Bello, Ryan Correia of Allied Ventures, a real estate asset acquisition company, Christopher Trevisani of Calamar, a housing developer, and Bill Madden of Wareham-based G.A.F. Engineering walked the Planning Board through an informal presentation of the proposed site, which would be at 650 Main St.

Bello said the group had already consulted with Wareham’s Community Economic Development Authority, which made recommendations as to where the project would best suit the town and future residents, among other recommendations.

“It really attacks a segment of the population that’s really being ignored,” said Bello. “Who we’re gearing to is those people who are not wealthy, that can afford an apartment and want independent living but don’t have the kind of money that can get them into a place of luxury.”

Madden said that upon viewing the site, which is currently mostly a wooded area along with an existing structure that would be razed, they found it to be suitable for development.

“In this particular instance we found many more opportunities than we found obstacles,” said Madden.

The 6.5-acre development would include one three-story, 44,000 square-foot footprint (120,000 square feet total) with 35 one-bedroom apartments and 87 two-bedroom apartments for residents age 55 and over.

There would be three small parking garages for single cars and 180 outdoor parking spaces. The building would have two elevators, and each unit would be Americans with Disabilities Act adaptable and upon request.

Trevisani, who noted that Calamar specializes in similar types of senior housing developments, said the apartments would be rented for anywhere from $1,100 for one-bedroom to $1,350 for a two-bedroom. The one bedroom apartments would start at around 650 square feet.

Bello said the units would be designed strictly for rental, with no potential to go up for sale as condominiums. He also said there would be no 40B component to the project, meaning that it would not qualify as low-income housing.

The group fielded several questions from members of the Planning Board, mostly surrounding the specifics of the project.

“It’s a big change for that area, but it looks like something that the marketplace could use,” said Planning Board Chairman George Barrett. “If it’s done right, I don’t think it would adversely affect (the area).”

“The intention is certainly to build something of quality. The owner is going to continue to own it,” added Bello, who noted that the group would likely be applying to the town for two variances regarding population density and the small size of the individual apartments. “It’s very different than when someone comes in and builds a housing project and throws it up and leaves.”