Landmark at Danvers
Danvers, Massachusetts
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The Danvers State Hospital project involved a comprehensive response to the state governed request for proposals. The project team was assembled and prepared highest and best use development scenarios. We determined that developing a senior housing campus represented the best interest of the parties involved. The response included architectural, engineering, and land plans; development and operating proformas; a market study; operating, sales and marketing plans; construction estimates and schedules, and financing structure. The basic architectural program involved the adaptive re-use of the significant historic structures existing on the site while preserving the mature landscaping and natural environment. |
| Project Summary: | A 300+ senior housing residential development on a 70 acre campus which housed a former state hospital and had numerous historic structures in disrepair |
| Total Estimated Project Cost: | $75,000,000 - 80,000,000 |
| Financing: | Syndicated Tax Credits, public and private debt |
| Primary Services: | Development Management related to project concept, due diligence, team assembly, RFP preparation and presentations. |


