BENNINGTON, Vt. (AP) — A new report looking for potential methods to redevelop the now-closed the Energizer industrial buildings in Bennington says it may very well be transformed into a whole lot of items of a lot wanted housing for the neighborhood.
When the corporate vacated the buildings earlier this yr the city started working with the Bennington County Regional Commission to review potential re-use or redevelopment of the 9.3 acres (3.76 hectares) website, which incorporates 300,000-square-feet (27,871 sq. meters) of flooring area situated a couple of half mile (0.80 kilometers) from the middle of city.
“Older housing inventory, the sluggish tempo of new growth, persevering with demographic shifts, and affordability challenges are contributing to the imbalance,” the report mentioned. “The strongest demand is for market price residences, impartial dwelling services, assisted dwelling services, owner-occupied condominium/townhouse items, and income-restricted items.”
The Bennington Banner says the report estimates Bennington wants 600 renter households and 450 home-owner households and the previous Energizer constructing may very well be transformed into 235 rental items and 135 home-owner items.
Assistant Town Manager and Planning Director Daniel Monks mentioned the city hopes “that this research will facilitate the redevelopment of the privately held Energizer property in a means that advantages the Bennington neighborhood.”
The report discovered that non-residential demand is strongest for meals and beverage institutions, indoor recreation, comfort retail and grocery shops, downtown lodging, and lighter small-scale manufacturing.
It additionally mentioned there may be “restricted market potential for important quantities of conventional new workplace area within the city or on the Energizer property.”
The $50,000 research was solely funded with grants.
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