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Select Board approves Halkyne Management transfer of Academy Hill contract to HK Management LLC
Summary
The Select Board unanimously approved the assignment of the Academy Hill Apartments management contract from Halkyne Management to HK Management LLC after staff due diligence; Academy Hill has 29 units — 12 subsidized and 17 market rate — and staff scheduled an on-site review.
Town staff recommended and the Select Board voted unanimously to approve assignment of the management agreement for the Academy Hill Apartments, a 29‑unit property at 4 Westminster Street, from Halkyne Management to HK Management LLC.
Robert Piestrowski, a municipal real estate specialist, told the board the town, as ground lessor, conducted due diligence on finances, pending litigation and recent infrastructure investments before recommending approval. He said an on-site tour was scheduled for the coming Friday and that MassHousing holds the note and…
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