HarborOne Bank and NeighborWorks Housing Solutions partner to Redevelop 68 Legion Parkway in Downtown Brockton
11 July 2024 - 7:01AM
Business Wire
Plans for the newly constructed mixed-use
property will include street-level state-of-the-art HarborOne
Banking Center, NeighborWorks’ new office headquarters, and
mixed-income apartments.
As part of a collective commitment to the revitalization of
downtown Brockton, HarborOne Bank recently transferred ownership of
the Bank’s former headquarters, 68 Legion Parkway, to our long-time
partner and tenant NeighborWorks Housing Solution (NHS). The
agreement was signed on June 28, 2024, with pre-development
planning commencing in 2025 and construction anticipated to begin
in 2026.
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Proposed Rendering “Liberty on Legion
Project” located at 68 Legion Parkway (Graphic: Business Wire)
In addition to housing HarborOne’s downtown Brockton banking
center, 68 Legion Parkway is also home to NeighborWorks Housing
Solution’s Brockton Headquarters. For more than a dozen years,
HarborOne has provided in-kind office and classroom space to NHS.
During the height of the mortgage crisis of 2008, in which Brockton
was particularly hard-hit, the two organizations came together to
deepen and broaden their commitment to serving the needs of the
community – positively impacting the lives of thousands with
financial and educational resources.
“The NHS and HarborOne partnership began with the shared goal of
strengthening the financial well-being of individuals and families,
and stabilizing neighborhoods through sustainable home ownership,”
said Joseph F. Casey, President & CEO, HarborOne Bank. “As
HarborOne examined how best to meet the future banking needs of our
customers, invest in the vibrancy of downtown Brockton, as well as
support the development of affordable housing, the sale and
redevelopment of 68 Legion Parkway in partnership with our longtime
friends at NHS made perfect sense.”
“We are excited to continue to work with our long-time and
valued partner HarborOne Bank to create much needed housing stock
and invest in Brockton, said Rob Corley, CEO NeighborWorks Housing
Solutions.” Liberty on Legion, as the project will be referred to,
complements other NHS projects and will be play an integral part in
the revitalization of Brockton’s historic downtown. We look forward
to working collaboratively with the city, residents, and local
businesses on this project.”
“Brockton, and my administration, is grateful to HarborOne Bank
and NeighborWorks Housing Solutions for their innovation and
collaboration,” said Mayor Robert Sullivan. “Projects such as
Liberty on Legion, promote and provide stability to our community
while exemplifying the synergy between the City and business
leaders. I am appreciative of the relationship that I share with
Mr. Casey and Mr. Corley as their leadership embodies what it means
to work better together.”
HarborOne’s current downtown Brockton banking center will remain
open throughout the pre-development period, and construction will
be planned so that HarborOne can continue to serve its customers
throughout the process. Plans for the downtown Brockton
revitalization project include a street-level state-of-the-art
HarborOne Banking Center, a newly reimagined office space for NHS’s
Brockton headquarters, and approximately 50-60 units of
mixed-income housing targeting both middle-income and lower-income
households, along with ample parking in the back of the building.
Estimated completion for the Liberty on Legion project is
2028.
About HarborOne Bank
HarborOne Bank, headquartered in Massachusetts, serves the
financial needs of consumers, businesses, and municipalities
throughout Massachusetts and Rhode Island through a network of 30
full-service banking centers as well as commercial loan offices in
Providence and Boston. The Bank also provides a range of
educational resources through “HarborOne U,” with free digital
content, webinars and recordings for small business and personal
financial education.
HarborOne Mortgage, LLC, a subsidiary of HarborOne Bank,
provides mortgage lending services throughout New England and other
states.
About NeighborWorks Housing Solutions:
NeighborWorks® Housing Solutions is the leading housing service
provider in southern Massachusetts. NHS has more than 70 years of
combined experience in the community development field and provides
services to more than 20,000 households in over 75 cities and towns
across the region. In addition to building and managing nearly 900
units of mixed-income housing including for veterans, homeless
families and others in need, the agency offers a wide range of
housing services, including foreclosure prevention counseling, home
rehabilitation loans and grants, financial coaching and first-time
homebuyer workshops.
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version on businesswire.com: https://www.businesswire.com/news/home/20240710408553/en/
Media Contact: Jennifer White JLWhite@HarborOne.Com 508.895.1338
| 617.610.0123
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