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Waltham City Council Approves Condo Plan for Former School

The former Banks school will soon receive a makeover.

The Waltham City Council has approved funding for the proposed renovations that would turn the former Banks School into condominiums.

The City Council, during its Monday, Jan. 14 meeting, approved a $3.5 million bond measure to fund turning the former school into a 24- unit complex, according to the Boston Globe. The city plans to sell the units.

The project at 948 Main St. would likely be completed within a year and involve mostly interior renovations, Mayor Jeanette McCarthy told the Globe. City officials plan to put out requests for bids on the project soon.

Some of the units will be sold for below-market rates to help boost the city’s stock of affordable housing, according to the Globe.

The top floor of the building has already been converted to seven units, but the project was halted because of funding issues, McCarthy told the Globe.

The building was declared surplus in 2005 and since 2007, city officials have debated its fate, according to the Globe. 

For more details, visit the Boston Globe.

Jay January 22, 2013 at 09:08 PM
Now when there's a snow emergency where am I supposed to park? The nearest municipal lot closest to me is by moody street. I'd have to walk 1 mile in a snowstorm to park my car.
moe howard January 23, 2013 at 01:26 AM
This isn't south Boston relax guy
Lydia Magill January 24, 2013 at 05:01 AM
Sounds like it might make for some nice units. An easy walk down Main Street, plentiful bus stops...just please don't move the voting location back to Brandeis.

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