Thursday groundbreaking set for Adams School Condos in Portland
PORTLAND — Construction of a condominium complex on the site of the former Marada Adams Elementary School gets underway with a groundbreaking ceremony at 66 Munjoy St. at noon Thursday.
On hand will be Mayor Michael Brennan, City Councilor Kevin Donoghue and Munjoy Hill Neighborhood Organization President Andrea Myhaver, as well as representatives of the U.S. Department of Housing and Urban Development and Norway Savings Bank.
When complete next spring, the Adams School Condominiums will bring 16 affordable two- and three-bedroom condominiums to the site, a three-quarter-acre parcel that borders Moody, Munjoy, Vesper and Wilson streets.
The project also includes a park and playground, incorporating design suggestions presented by residents at an Aug. 28 neighborhood meeting.
Households earning no more than 120 percent of the area's median income will be eligible to purchase the condos. The income limits vary by family size, but equal less than $70,400 for a family of two and less than $95,050 for a family of five.
Costs for the project are expected to reach $5.5 million. It already has received nearly $2 million in federal funds for neighborhood stabilization and brownfields revitalization.