NEW BEDFORD — Construction of 52 new rental apartments providing affordable housing for low and moderate-income working families is ready to begin, Alinea Capital Partners announced today.
The real estate development and investment firm behind the 10@8th transit-oriented development led by managing member L. Duane Jackson is headquartered in Boston and operates in Massachusetts, South Carolina and Florida.
When completed, the project will be the largest new construction project built downtown in 38 years, according to a press release from Alinea Capital Partners. Completion is currently expected in mid-2025.
“After years of collaboration with the City of New Bedford and community leaders, we are pleased to begin construction of this landmark development. New Bedford’s working families deserve housing that is convenient, attractive, and affordable,” Jackson said in the release.
