It was last summer that we brought 2045 Trenton Ave. to your attention, noting that the building, which once housed a chair manufacturer, was available for sale. To review, the building has roughly 10K sqft of interior space between a smaller structure on Trenton Avenue and a larger structure set back from the street. We noted that the property seemed like a slam dunk for adaptive reuse, especially with the rear building having some outstanding bones. If this sounds pretty good to you, we're sorry to tell you that someone has already beaten you to the punch. Developers purchased the property in November for $710K.
And they're moving pretty quickly to redevelop the building, too. About a week ago, they went to the ZBA with a plan to build a four-story addition to the building and convert it into a 12-unit apartment building. They got approval, so look for work to get started sooner rather than later. We'll be most interested to see what the addition looks like and how it relates to the existing building. However it looks, we'll be glad to see this old industrial building get a second wind with a new use.
This seems like a good time to check in on the Trenton Stables project just half a block away, a development we haven't covered in almost two years. As you can see, the five home development is now finished and all of the homes have sold, with the last one closing in the spring of 2016. Prices ranged from $480K to $515K, and we'd think that if the project were built today the developers would have gotten even higher prices. Remember, this was a one-story stable building previously, and five homes represents a much higher and better use for the current composition of the neighborhood. We would say the same thing about the aforementioned building that will soon get converted into apartments a few doors away.