Boston-area developer to build market-priced apartments in Fall River

0

FALL RIVER — An out-of-town developer has big plans for Davol Street that should add to the growing inventory of market-priced apartments in Fall River.

Entrepreneur Vitaly Fedosik, along with another investor, paid $600,000 last December for the former Mackenzie & Winslow building near the corner of Davol and Turner streets and an adjoining vacant lot, respectively listed as 609 and 577 Davol St.

Fedosik plans to demolish the old industrial building to make way for a six-story mixed-use building.

Both parcels are on the east side of Highway 79 and Davol Street and are located north of Global Gas.

A third parcel between the gas station and 577 Davol St., which was not part of the agreement, has sometimes been used in previous years as an additional parking area for customers of The Cove restaurant, located on the side west of Davol Street and Route 79 overlooking the Taunton River.

Fedosik’s preliminary design plan calls for an elongated six-story building with at least 70 one-, two-, and three-bedroom units, a handful of which will have patios.

Take a look inside:Durfee Tech’s new apartments are nearing completion

He expects to appear before the city’s Zoning Board of Appeals within a month and a half.

“It’s all in the planning phase,” said Fedosik, who is optimistic that the site plan review process will be completed and a building permit will be granted by October 2022.

There should be room for two tenants on each side of the building, he said.

Fedosik, 38, said a health-focused business like a juice bar would be compatible with the state’s reconfiguration of the adjacent Route 79 and Davol Street corridor, extending south from the Memorial Bridge. from the veterans to the north side of the Cove Restaurant.

Fall River Waterfront Revival:Here’s how the State Pier fits in.

Creation of an “urban boulevard”

This $112 million “urban boulevard” project, which is expected to be completed before the end of 2025, will physically lower both sides of Route 79 and incorporate new sidewalks, traffic lights and bike lanes.

The idea, according to the state Department of Transport, is to stimulate commercial and residential growth near the Taunton River waterfront. The creation of the urban boulevard will open up 19 acres of land for future commercial developments.

“You’ll be able to stay here and see the river,” Fedosik said, as he stood at the edge of the parking lot of the circa-1900 building with its six loading docks.

He also notes that the new commuter rail line connecting Fall River to Boston – with a train depot located a few blocks just behind Davol Street – was another determining factor in the decision to invest in his use project. mixed.

The South Coast Rail project is expected to be operational by the end of next year.

This is a rear view of a building on Rue Davol that will be demolished to make way for a market priced apartment project.

History of the Mackenzie & Winslow Building

When the former Mackenzie & Winslow company built the four-story Davol Street structure, it was used primarily for bulk grain storage.

Years later, it became a self-storage rental center, and in 2006 the owner’s daughter, according to a Herald News article, opened a high-end wholesale confectionery inside the building.

Fedosik said he was still unsure at this early stage whether he would build an underground car park or if he could reach a deal to buy The Cove restaurant plot for a separate car park.

Other Davol Street developments

Fedosik isn’t the only developer building market-priced apartments along the Davol Street corridor.

Local property developer Robert Karam is currently constructing a six-story structure at the north corner of Davol and Turner Streets for 49 apartments on the top five floors and a BayCoast Bank branch with drive-thru lane on the first floor.

Karam also has plans for new apartments closer to the Taunton River on the west side of Route 79 and Davol Street.

Fedosik said he recently met Karam for the first time after Cove restaurant owner Peter Cabral introduced the two.

The Davol Street project will be Fedosik’s largest to date. He said he was also building a townhouse project in Newton, a single-family project in Needham, and working on a small condo development in East Boston.

He also owns World Auto Body in Brookline and Tosca Drive Auto Body in Stoughton.

Coming to America

Fedosik said he was 6 years old when he and his parents emigrated from Belarus in 1989 and came to the United States after being sponsored by relatives in Providence, with help from the nonprofit HIAS. , originally known as the Hebrew Immigrant Aid Society.

He said his father moved the family to Brookline after he bought a cab medallion and started driving his cab in and around Boston.

But he said his father, who was a talented carpenter and builder in Belarus, quickly switched gears and started doing contract work in West Roxbury.

“I did some plumbing for him,” Fedosik said. “We did the Newton project together.”

Fedosik said he also drove a cab in Boston for a few years after graduating from high school in Newton, where he now resides, before buying World Auto Body in 2014.

His portfolio, he said, includes residential properties in Roxbury, East Boston, Newton and Brookline. Fedosik also says he is a general contractor, which requires a state construction supervisor license.

He says the first time he met someone from Fall River was nearly a decade ago while vacationing in Miami.

Since then, Fedosik says he’s been visiting the city to get together with his friends from Fall River for Portuguese cuisine at the TA restaurant and other places.

He points out that his accountant, Joyce Dube, who works at his Stoughton business, is a resident of the town.

An exciting project

Ken Fiola, executive vice president of Bristol County Economic Development Consultants, said Fedosik hired him to guide him through the permitting process.

“It’s an exciting project, and I think it has a lot of potential,” Fiola said.

Opinion:There is a lack of reception centres; Fall River would benefit greatly from a

He added, “I think it’s very important to invest in market-priced housing so that Fall River is a place to live and work – especially along the waterfront where people can walk and frequenting restaurants and having access to the (commuter) train.”

Fedosik says his Davol Street mixed-use project will likely hit the $20 million mark in terms of investment. But he says he’s excited about it.

“I’m here,” he said, referring to staking a claim in Fall River.

Charles Winokoor can be contacted at cwinokoor@heraldnews.com. Support local journalism and subscribe to The Herald News today.

Share.

Comments are closed.