Allegrone in the News: Attractions, Services Spur Lenox Building Boom
There is a dearth of market-rate apartments in Lenox, but thanks to Allegrone Companies, the number will soon increase. The firm is undertaking a $5 million to $8 million renovation of the 1804 William Walker House that will transform it into eight market-rate, one- and two-bedroom apartments.
The new units will range from 800 to 1,500 square feet and contain dishwashers, security alarms, stainless-steel appliances, and other amenities. The work is expected to be completed this summer, and three of the apartments have already been rented.
“The building is within walking distance to downtown, Shakespeare and Company, and Canyon Ranch,” Miller said, adding that they will help fill a need in the community.
In addition, Allegrone recently completed the renovation and establishment of the new Berkshire Design Center. The project began almost five years ago when the firm purchased the foreclosed and abandoned Edgewood Motel, which was built in 1959.
After a major renovation, Allegrone moved its corporate headquarters from Pittsfield to Lenox into the second floor of the newly built, contemporary, 30,000-square-foot office building on Pittsfield Road last summer.
Large window frames align the inner corridors and outer walls, allowing natural light to radiate through the building, and the first floor contains 16 suites and co-working conference and event space that tenants will share.
Xerox moved in and staged a ribbon-cutting ceremony several weeks ago, and Liberty Mutual has signed a lease agreement and will become the second tenant.
“This renovation was one of only 16 economic-development initiatives across the state during the recession,” Spaulding said, explaining that officials from the town and state Economic Development Incentive Program collaborated with MassDevelopment, which gave Allegrone a multi-million-dollar recovery-zone facility bond to fund the project, then Allegrone worked with local teams of architects, engineers, and field contractors to do the work.