Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Historic Rehabilitation topic
No spam. Unsubscribe anytime.
Fall River historical panel backs continued support for Globe Mills rehabilitation
Summary
The Fall River Historical Commission voted to provide a continued letter of support for Globe Mills' historic tax credit application for a planned conversion of 460 Globe Street into 89 rental apartments.
The Fall River Historical Commission voted July 22 to provide a continued letter of support for a historic tax credit application for Globe Mills, a rehabilitation project at 460 Globe Street that the developer says will create 89 residential rental apartments.
The commission’s vote clears a requested letter the developer said he needs to proceed with the state tax-credit filing. Commissioner Rick Mancini moved to provide the continued letter of support and the motion, seconded by Commissioner Jonathan Lima, passed on a roll-call vote with Commissioners Connie Sowell, Joyce Roderick and Jason Bouchard also voting yes.
The developer, Ed Hamzalu, identified himself at the meeting as “the principal of Mexican Capital” and told commissioners the project will make “the minimum changes to the building,” adding that the work is primarily interior infill. He said the project has been planned as 89 units since the start and that construction is currently targeted to begin in spring 2026 with units delivered by late 2027. Hamzalu also said the project is currently proposed as all market-rate, though the team is “exploring the option” of reserving 20 units as restricted-affordable rentals but has not made a decision.
Commissioners asked for and reviewed detailed drawings that the developer supplied; commissioners expressed that the plans helped them understand the proposed rehabilitation and confirmed there is a single building on the property subject to this application. The commission’s letter of support will be provided to the developer by the end of the week, the chair said.
Discussion versus action: commissioners discussed project scope, unit mix and schedule during the presentation. The formal action was the vote to provide a continued letter of support for the project’s historic tax credit application.
Why it matters: continued commission support can be part of documentation developers submit to state agencies when seeking historic rehabilitation tax credits, a financing tool commonly used to offset the costs of restoring and reusing historic mill buildings.
