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After decades of vacancy, the remaining building of the Fleetwood Body Complex began its transformation into 20 studio, one-bedroom, and two-bedroom loft-style apartments. The project, which began in 2022, was led by a Brooklyn-based real estate developer who was drawn to the potential of the property and the strength of the local community. The borough of Fleetwood strongly supported the effort, recognizing both the historical value and economic opportunity.
Had this developer not stepped in to preserve and repurpose the site, the buildings could have been at risk for demolition down the road – an effort that would have come at the taxpayers’ expense.
Andrew, Fleetwood Lofts’ Project Manager, was introduced to Fleetwood Bank by a local resident in 2024 when they started the construction of just under 100 additional apartments across the street from the original apartments. The bank’s proximity, responsiveness, deep ties to the community, and willingness to support the project made for a great partnership. Fleetwood Bank supported the expansion with a $2 million term loan for the smaller building and a $4.5 million construction loan on the larger structure. Andrew worked closely with Relationship Manager, Tom Bendetti, who provided guidance and local insight throughout the process. This partnership reinforced Fleetwood Bank’s commitment to local development and small-town revitalization.
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