The New Bedford City Property Committee convened on March 19, 2025, to discuss the future of the city-owned property located at 1215 Purchase Street, commonly known as the New Bedford Textile School. The meeting focused on the building's redevelopment potential and the necessary steps to prepare it for sale or lease for residential use.
The committee began by acknowledging the current condition of the property and the need for a thorough assessment to determine the scope of repairs required for viable development. Key discussions included the importance of stabilizing the building and conducting an envelope assessment to evaluate its structural integrity, particularly the roof, which has been identified as being in poor condition. The committee noted that a drone survey had been conducted to assess the roof, but a more detailed inspection would be necessary to identify any significant structural issues.
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Subscribe for Free Committee members emphasized the need for a clean-out of the building, which is currently filled with old office furniture and materials that may require abatement due to potential hazardous substances. This clean-out is seen as a prerequisite before issuing a Request for Proposals (RFP) to developers, as it would enhance the property's marketability.
A ballpark estimate for the initial investment required to prepare the building for sale was discussed, with figures around $500,000 mentioned. The committee expressed optimism that this investment could significantly reduce the timeline for development, potentially cutting it down by one to three years. The goal is to position the property favorably for developers, who would then seek financing and subsidy options.
Ownership of the property was also a critical topic. The committee discussed the need to clarify the title of the building, as there have been historical disputes regarding ownership between the city and the University of Massachusetts. It was noted that the city has effectively taken responsibility for the building, but formal clarification is necessary before any investment is made.
The committee moved to approve the offering of the property for sale or lease for residential development. A motion was made to recommend transferring the property to the New Bedford Redevelopment Authority, with amendments proposed to ensure that significant development occurs within an 18-month period, or the property would revert back to the city. Additionally, any profits exceeding a specified threshold from the sale would be returned to the city's general fund.
The meeting concluded with a commitment to expedite the title clarification process and to keep the committee updated on the progress of the redevelopment efforts. The overall sentiment was one of cautious optimism, with a focus on ensuring that the property is developed in a manner that benefits the city and its residents.