Plans for Downtown Marketplace in Salem Move Forward

According to the Salem Gazette, a newly revised plan by Somerville developer Resource Capital Group (RCG) aspires to draw locals back into downtown Salem and bring back the lively marketplace atmosphere that used to thrive in Salem. The 4-story, mixed-use building they propose is the result of months of meetings with the mayor and the Marketplace Redevelopment Committee, a group of interested citizens and community stakeholders who provided input for the block that includes Front, New Derby, Washington and Lafayette streets.

RCG owns much of downtown Salem and manages numerous properties including the City Hall Annex on Washington Street, the West Coast Video building on Lafayette Street and the downtown Derby Lofts. The new marketplace building is slated to go the long-vacated and recently-demolished Salem Evening News building on Washington Street.

Read the entire Salem Gazette article