January 18, 2018

Two projects would add 171 units to downtown Framingham

Courtesy/Annino Inc.
Two residential buildings off Concord and Kendall streets in downtown Framingham would add 96 units.
Courtesy/Annino Inc.
A six-story building has been proposed for Union Avenue and Proctor Street, which would include 75 residential units and ground-floor retail.
Courtesy/Bargmann Hendrie + Archetype
A mill building at 59 Fountain St. in Framingham is proposed for a renovation and addition of a new building for a total of 258 units of housing.

Two proposals from a prominent Framingham developer would add 171 units of housing to downtown on sites only about a block apart, according to documents filed with the city.

The larger of the two proposals calls for 96 housing units on what is now a parking lot bound by Concord, Kendall and Frederick streets.

The other proposal would include 75 units and retail space at the intersection of Union and Proctor streets.

Both projects are proposed by developer Vaios Theodorakos's company, VTT Management, which has properties stretching from Massachusetts to Florida to Oklahoma. They would would rise within a block of City Hall and add to other previously proposed projects, including a 197-units development in a five-story building at 75 Concord St. with an attached six-story parking garage, a proposal from WP East Acquisitions of Lexington.

Less than a mile to the west of the VTT Management projects, a project at 59 Fountain St. would include 258 residential units in both a renovated mill building and a new four-story building, in a proposal by 59 Fountain Framingham LLC of Newton. Just to the south of downtown, a 16-unit, three-story building is proposed for 68 South St. by Charles Zammuto of Newton.

VTT Management has already undertaken several projects in the neighborhood, including apartments on Frederick Street and another 24 underway in a building at the corner of Concord and Kendall streets, adjacent to the proposed 96-unit development.

VTT Management's proposed 96-unit project would include 64 units in one building, split evenly among one-bedroom and two-bedroom units. The smaller building would have 20 two-bedroom units and 12 one-bedroom units. Both buildings would include four stories and a pitched roof and decorative chimneys for a traditional design.

The proposal for 54 Union Ave., which is now a single-story building with about five tenants, would include 75 units on six stories, including ground-floor retail. The building is designed to be more modern, with more glass, a tan facade and a flat roof.

Theodorakos' two developments represent a combined investment of up to $30 million, said the developer, who has had an office in downtown Framingham for 30 years and has become a major landowner in the neighborhood.

"We see a very exciting future for downtown, and we're really excited about it," Theodorakos said.

Theodorakos hopes to begin construction of the two projects by April or May and will keep rents affordable, with an expected range of $1,200 to $1,500 a month.

Both projects requires a special permit for not meeting the city's requirement for the number of parking spaces offered.

The Framingham Planning Board held a public hearing on the proposals on Jan. 8 and is set to vote on the proposals at an upcoming meeting.

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