Haverhill’s Olympia Square Being Developed

According to the Eagle Tribune, The Federated Companies, a Boston real estate development firm, has bought the Pentucket Building, locates at the intersection of White and Winter street, at the edge of a struggling neighborhood known as the Acre, for $1 million. Francis Bevilacqua, grandson of former longtime Haverhill state Rep. Francis Bevilacqua, is a principal in the firm and said that his group plans extensive renovations and hopes to attract high-quality local and national retail stores. Bevilacqua said he hopes renovations will start in a month, and he thinks the job can be done by the beginning of 2009, barring weather problems. He said he has hired a local architect, Ronald Albert, and that local firms will do the renovations.

Read the entire Eagle Tribune article.