Rendering of 54 Union in Attleboro

Jonathan Cozzens Secures Financing for Massachusetts Historic Mill Redevelopment

by Lynn Peisner

ATTLEBORO, MASS. — MassDevelopment has partnered with HarborOne Bank to provide $11.3 Million in loan financing to developer Jonathan Cozzens doing business as 54 Union Street LLC. Cozzens will use the funds to renovate a former mill and manufacturing facility at 54 Union St. in Attleboro, located about 12 miles north of Providence, Rhode Island. The mill, constructed in 1908, is the former home of Pcraft Jewelry, a business founded in 1931. Attleboro was once known as the jewelry capital of the United States. The new market-rate community will consist of 43 apartments. In addition to Mass Development and HarborOne’s loan, financing originated from a Housing Development Incentive Program (HDIP) bridge loan and a historic tax credit bridge loan. A construction timeline was not disclosed.

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