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Cambrian Rise Project Moves Forward

Eric Farrell’s residential project that would bring nearly 750 new units of housing to the North End is moving forward. While Farrell has yet to purchase the balance of Burlington College property that was sold to People’s United Bank recently at auction, one of the residential buildings, Liberty House, has already begun leasing. Rents range from $925 to $1,900, though some of the units are as small as 280 square feet.

Champlain Housing Trust and the senior-housing developer Cathedral Square would each construct one of the development’s 12 buildings, providing 146 units of affordable housing.

In the end, the city council unanimously supported the plan to build on 21.6 acres. The project would have 739 units: 240 condos, 353 rentals and the 146 affordable units. The plan includes an additional 42-room hotel.

Read more from Seven Days.


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