Hingham’s historic Old Ship Church signed an arrangement to promote its 19th century Parish Property to a area developer, but the sale has not but been finalized.
Nina Wellford, the church’s treasurer, verified in an e-mail the church signed a invest in and sale arrangement with Hingham-based mostly improvement business Atlantic Progress on Dec. 23.
Wellford declined to share the agreed-upon sale price tag, but stated it “displays the value of the home for equally DJ and Old Ship.”
Past yr, the town assessed the Parish Home home at $3,929,200. In 2017, when the property was on the market place in advance of parishioners voted to get it off, it was detailed at $3.75 million.
The sale will not near right up until the developer receives the vital permits for the challenge, Wellford reported.
Creating a new parish household
Outdated Ship Church, which has operated out of its historic conference household on Main Road since the 1600s, bought the large solitary-spouse and children property straight throughout the street at 107 Most important St. in 1956 and has applied it as a parish household due to the fact then. Church leaders say the present Parish Residence, which was designed in 186, is “deteriorating” and that it would price $1.4 million just to make immediate repairs to the creating, on prime of other required extensive-phrase repairs.
If the sale goes through, the church ideas to use the cash to develop a new parish household following to the Aged Ship meeting home, which is throughout the street from the parish household.
Condos could be coming
Atlantic Progress has advised the church it options to convert the Parish House into condominiums. Due to the fact the Parish House web site is at the moment zoned to let one-relatives housing, Town Meeting would have to initial vote to modify the zoning in that location to allow for multi-family members housing in get to make it possible for the change.
The building’s façade is also governed by the Hingham Historic District Commission, which is billed with preserving the area’s historic streetscape. This usually means a developer simply cannot modify what the constructing looks like from the avenue.
Prepare to increase economical housing
The church also ideas to market land at the again of the Parish House house to Hingham’s Affordable Housing Belief, so they can develop their Lincoln College progress, which is straight driving the Parish Residence and presents reasonably priced housing for seniors.
The Believe in is applying for $700,000 in Local community Preservation Fund revenue this year for its “option fund,” which is employed to purchase house for new affordable housing. Tim White, the chair of the AHT, advised customers of the Neighborhood Preservation Committee in November that the rely on place in its initial application for CPC funding ahead of entering talks to acquire the land from the church, and that the revenue will not always go toward that task.
Wellford explained the church has not yet signed a P&S with the AHT.
In Oct, Old Ship parishioners voted 98 to nine to allow for the church to enter negotiations with Atlantic Growth, and 103 to two to negotiate with the Inexpensive Housing Belief.