McElwain School Apartments

Historic Redevelopment of the McElwain School and 242 Main Street into Mixed-Income Family Housing

242 and 250 Main Street, Bridgewater, MA 02324

  • # of Homes: 57

  • Year Redeveloped: Currently in predevelopment

  • Developer: Capstone Communities Development LLC and MPZ Development LLC

  • Capstone Role: Developer

  • Architecture: Prellwitz/Chilinski Associates, Inc.

  • Financing:

    • Town of Bridgewater Community Preservation Act

    • The Life Initiative Predevelopment Financing

    • Needham Bank Financing

    • Additional state and federal subsidies are anticipated

    • Construction and permanent debt financing to-be-determined