Salem is unquestionably a hub of excitement these days, but it is has been quite a while since the city has seen something as thrilling as this.
Developer Jay Goldberg, owner of Spire Investments, and Betsy Merry and Dan Fox of MerryFox Realty, are delighted to announce “The Breakaway at Salem Common”. This long-anticipated restoration of the iconic Nathaniel Silsbee House and most recently the Knights of Columbus Mansion will be repurposed into 18 high-end residential condominium units.
“This is one of the few buildings left in Salem that can truly be converted while retaining its historic relevance,” says Goldberg. “There were over 40 groups interested in buying this property but the people in this city have been very supportive of my vision. I’ve made it clear from the start that I plan on being a good neighbor, maintaining the building’s character and preserving quality every step of the way.”
Construction on the building is set to begin mid-November with a projected completion of spring 2020. Because the structure rests on the edge of the historic district, Goldberg is not required to follow the guidelines set forth by the Salem Historical Society. However, he has full intentions of respecting its integrity and protecting period features such as interior woodwork, original fireplaces, flooring where it makes sense, and its commanding facade.
Built in 1819 for the ships’ captain and his family, the manse was later purchased by The Knights in the 1950s. Twenty years later, they added an entire wing for functions. Keeping the original footprint, the developer plans to add two stories to the annex and then connect it to the mansion with a central, elevatored lobby. Units will be a mix of flats and townhomes offering one, two and three bedrooms. Each home will feature one and a half or two and a half marble baths, radiant heated floors in the masters, designer kitchens with quartz counter tops and top of the line appliances, and oak or refurbished original flooring. Third floor lofts will bring exquisite nineteenth century details like 18’ ceilings and exposed brick and beams. Furthermore, all will include in-unit laundries, central air conditioning, storage units in the basement, and coveted assigned parking spaces.
“These efficient units will accommodate any lifestyle, from the first time home buyer all the way up to the young professional and the empty nester,” says Dan Fox. “Ranging from 700 square feet to 2,400 square feet, there will be a nice variety to choose from. There will be nothing cookie cutter about them.”
With development being nearly a year and a half away, prices have yet to be determined. However, MerryFox Realty urges interested parties to contact them at 978-740-0008 for more information.
“The building sits on the quietest side of the Common and has absolutely breathtaking views,” says Betsy Merry. “We are hearing loud and clear from millennial to downsizers that they want accessibility. Well, here it is. The Breakaway is close to everything – shopping, dining, museums, the waterfront, the ferry to Boston, and the train. There is nothing quite like this on the local market right now.”
AT A GLANCE:
· 18 condominium units to be built
· 1, 2 and 3 bedrooms
· 1.5 and 2.5 baths
· 700 – 2,400 square feet
· Elevator and parking
· Pricing TBA
· MerryFox Realty
· Betsy Merry, 508-641-6241
· Dan Fox, 978-808-8064