Chestnut Park Case Study

Case Study:
Chestnut Park Apartments

Chestnut Park Apartments is an adaptive reuse of the former Holyoke Catholic High School campus, an historic church and school complex in downtown Holyoke into 54 units of affordable rental housing. The Timmy Award Winning adaptive re-use of these historic buildings required unique analysis and solutions. The $19.5M project utilized LIHTC equity and HTC equity and is a showcase for the evolving Holyoke downtown. Kirk&Company worked with Weld Management over the course of five years to provide valuation and market analysis in conjunction with their tax credit application and award.
LOCATION Chestnut Street; Holyoke, Massachusetts
STATUS Completed 2015
USE Mixed-Income Multi-family Residential Apartments
DEVELOPER Weld Management Co., Inc.
ARCHITECT The Architectural Team, Inc.