Excited to hear the buildings at 118-120 Northampton Street in Easton are going to be renovated, but this was a weird statement:
Milosev said he intends to convert the two structures to house 12 apartments on the upper floors, with commercial retail space at the ground level.
“If the grant goes through, we’ll consider scaling down the number of units to six to nine,” he said.
Right now there’s high demand for quality apartments in downtown Easton. The Pomeroy apartments filled up quickly, and Becky Bradley’s told me the nature of the Easton rental market is that crummy apartments stay vacant a long time, but whenever apartments of decent quality come on the market they get snapped up right away.
Insofar as that’s the case, there’s a money-making opportunity there to renovate some nice apartments and rent them out to people. Why on earth would it be better to halve the number of units from 12 to 6? The service economy in the downtown area gets more customers, Milosev makes more money, and most people are better off. Some of the immediate neighbors might whine about the impact on parking, but tight parking is never a reason to build less housing and Christina Georgiou’s reporting that the sale agreement includes off-street parking at the lot across the street.