Located at 38 Portland Ave., 42 of the units are reserved for households earning below 60% of the area median income at a monthly rent of $1,113. Market rent units are opening at $1,475.
By Staff
The 51-apartment Furman Block will officially open today with a ribbon-cutting ceremony that celebrates another completed project on former Portland Public Works Department property.
Developed by Szanton Co., the seven-story building has 51 mixed-income apartments for those age 55 and above, with street-level commercial space. Developer Ross Furman owns and manages the commercial space, and Szanton s property management arm, Saco Falls Management, manages the apartments. No tenant has yet been announced for Furman Block’s commercial space.
The building was designed by Archetype Architects and was built by Hebert Construction on the site of a former gravel lot used as parking for the city s public works vehicles. It s one of six former public works parcels sold to five local developers, who have built, or are building, a mix of residential and retail in the neighborhood.