In walking around the Manchester neighborhood this Sunday, it looks like several new building projects are nearing completion before year end.
And new residential construction shows no sign of stopping headed into 2018. There are a mix of property types between duplexes, single family, and apartment buildings that are being built. With that having been said, the greatest share of the newly constructed buildings appear to be duplexes. All of the photographs below are to the West of Hull and between Commerce and Cowardin.
Both renovation and new construction appears muted to the East of Hull Street. That artificial line of demarcation at Hull Street for development will almost certainly be bridged in 2018. I suspect the bulk of the initial work will start with shell renovations into apartments and residential flips. New construction will likely wait until the existing housing stock improves, and because RRHA owns virtually all the blank parcels in the area thereby preventing development from accelerating. The only wrinkle that could cause renovations to stall is the Tax Reform Bill which will make federal historic tax credit renovations less attractive depending on what version of the final bill is signed into law.