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City Place

Success Story

Jim Whitney is leading the renovation of 98 Adams Street in downtown Leominster. After working with MassDevelopment to revitalize 40 Spruce Street in 2010, the developer needed more financing to complete his latest housing project. MassDevelopment provided a $2.68 million construction-to-permanent loan. And because of contamination on the abandoned five-acre property, we also delivered a $60,000 Brownfields remediation loan. The redevelopment of 98 Adams Street marks a major milestone in the effort to transform blighted areas in Leominster. An estimated 63 jobs will be created, including 13 construction jobs.