It's Official, Procopio Is Ready to Break Ground
MONDAY, OCTOBER 15, 2018 It’s of cial, Procopio is ready to break ground By Gayla Cawley square-foot parcel from Munroe Partners is scheduled for November. The development would feature apart- ITEM STAFF LLC, operated by Gordon Hall, president What city of cials are calling a $90 ments priced in the mid-$2,000s, an un- of the Hall Co., and a Daily Item director. million investment into downtown Lynn derground garage, and a 6,000-square- LYNN — Procopio Enterprises Inc., a Munroe Partners purchased the lot, as- will include 259 market-rate apartments foot deck with ocean and Boston skyline development team that plans to trans- sessed at $216,700, in 2010 for $650,000. with 20,000 square feet of commercial views. form a community garden on Munroe Michael Procopio, co-owner of Procopio space on the ground oor, including a Over the summer, the City Council ap- Street into a 10-story luxury apartment Enterprises, said plans are to break restaurant and retail component. proved a $2.5 million tax break over a building, has of cially purchased the ground on the development this year. The “This is a 10-story new construction in seven-year period for the development property. next steps are to enable and fence the downtown Lynn, which is a very rst,” team through a tax incentive plan nego- Procopio, a family-owned construction site, and put in their construction man- said James Cowdell, Economic Develop- tiated between Procopio Enterprises and company in Saugus, closed on the $3 mil- agement plan by the end of the month.
[Show full text]