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Redevelopment update: Charlestown Flats finished, Madison Street curb issue prompts change order review, parklet financing closed
Summary
The Wheatley Group told the Charlestown Redevelopment Commission that Charlestown Flats' 176 units are completed and at about 50% occupancy; a curb at Green Alley and Madison Street needs contractor resolution; financing for The Commons & Short Street Parklet closed and final design and construction are planned.
The Wheatley Group briefed the Charlestown Redevelopment Commission on project status and next steps at the Jan. 6 meeting.
Jill Saegesser of The Wheatley Group reported that Charlestown Flats has 176 completed units and is operating at roughly 50% occupancy. She also told the Commission that, at the substantial completion walkthrough for the Madison Street & Green Alley improvements, a curb at the corner raised concerns about a tight turning radius; HMB is working with the contractor and will present a proposed change to the Commission.
Saegesser said the final inspection walkthrough for 501 Market Street was canceled and that American Structurepoint and Temple & Temple will reschedule the walkthrough and review a final pay request submitted before the end of 2025. On parks, Saegesser reported that financing for The Commons & Short Street Parklet closed on Nov. 4, 2025 and the BOT agreement was executed the same day; final design was expected by the end of 2025 with construction to begin in early 2026.
The Commission reviewed two renderings from TSWDesign Group for Hwy 62/3 signage; the renderings considered materials offered by local businesses. The Commission voted to proceed with next steps on the Hwy 62/3 signage and asked The Wheatley Group and City staff to gather information related to a proposed gazebo. Saegesser also presented a professional services agreement to the Commission, though the minutes record no additional detail about terms.
The briefing contained project-closeout items and next steps; the Commission scheduled an executive session for Jan. 15, 2026 to discuss a corner development at Hwy 62/3.
