© Greig Cranna
The Lofts at SoCo, Brockton
It only makes sense that a former sneaker factory would be redeveloped into condominiums designed with walking in mind. Located in downtown Brockton, the Lofts at SoCo are just steps away from shopping and the city's new transit hub that includes an MBTA commuter rail stop and a Brockton Area Transit bus station. Not only are the Lofts at SoCo a great example of transit-oriented development (TOD) and smart growth, but the development is also helping to revitalize the downtown area.
Completed in 2006, the Lofts at SoCo are located on Center Street in Brockton, in a former Etonic® athletic shoe manufacturing facility. The renovated six-story factory now consists of 64 condominium units (61 loft-style units and three town homes). The units range in size from 885 to 1,126 square feet and feature large windows, exposed brick and beams, and open floor plans. All 64 of the units are considered affordable because the initial sales prices ($199,900 to $277,400) fell within MassHousing's purchase price limits for the Brockton area.
To construct the Lofts at SoCo, MassHousing made a $9.6 million construction loan under its