News

What is the outlook for real estate in the North Adams – Williamstown corridor?
By Bishop
May 8, 2017

We are experiencing investments in the area that are bound to bring a lot of tourist and visitor traffic in; bound to be a catalyst for new jobs creation; and bound to make the area grow  more than we can possibly imagine right now!

Development means more jobs.  Jobs increase the demand for homes. Here are highlights of a few of the bigger development projects in North Adams and neighboring Williamstown:

  • The newly upgraded Clark Art Institute has already had a huge impact on the North County corridor with their recently completed $145 million expansion and brings 200,000 visitors to the area annually.
  • Williams College is planning to spend nearly $300 million on 9 new construction projects in Williamstown (with 10 more on the long-range plan).
  • Mass MoCA is internationally known, and about to open Building 6 later this spring which will make it the largest contemporary art museum in the U.S. At a cost of $65 million, it adds 130,000 square feet of space to the complex.
  • A $20 million model-railroading and architecture museum in Western Gateway Heritage State Park in North Adams is underway. It is expected to bring 200,000 to 300,000 visitors to the area every year.
  • Thomas Krens has selected a designer for the 160,000-square-foot Global Contemporary Art Museum which will be located at the Harriman-West Airport in North Adams and built at an estimated cost between $10 and $15 million.
  • Berkshire Health Systems has invested upward of $10 million in the purchase and upgrade of the former North Adams Regional Hospital.

Even more millions of $$$ are being spent on other renovation projects which involve massive outside investment. This tells us that investors from outside the region see great opportunities in our area and are willing to put significant dollars into it.  Some other projects include:

  • The Redwood Motel project is estimated at $2.5 million and has expanded to include the Blackington Mill. It will contain a resort where the Appalachian Trail, Hoosic River and Mohawk Trail converge.
  • The 342,000 square foot Cariddi Mill is targeted for a multi-million dollar revitalization project (between North Adams and Williamstown). "Greylock Works plans extensive, phased development, including retail, manufacturing, restaurant and hotel operations".
  • Jack & Suzy Wadsworth have poured $$$ into our neighborhoods (The Porches Inn, UNO Community Center and donation of land for a skateboard and bike park near Noel Field).
  • Moresi Associates has completed major renovation of the Mulcare Block on Marshall Street in downtown North Adams.
  • Cumberland Farms has made a huge investment in our area.
  •  Walmart has built a new super center on the Curran Highway. 
  • Owners of Ramunto's Brick Oven Pizza in North Adams did complete new build-out on Main Street.
  • Bright Ideas Brewing is up and running on the MoCA campus.
  • A new dog park opened in North Adams near The Porches Inn and Mass MoCA.
  • The Hoosic River Revival is planning a radical revision of the flood control chute and incorporation of gardens and recreational areas.

I could probably keep going, but I hope you get the idea...  things are really taking off!

This perception from a relative newcomer to North Adams: “I quite agree that the outlook for N.A. is great, despite the negativism that comes from some quarters ... the reality is that we are among that handful of old mill towns in the northeast that are well along in climbing out of the abyss of decades-long economic collapse.  We've a ways to go, for sure ... but much has already come together ... and success does breed success… It will probably take a decade, and the road to get to where we can be will have some twists and turns ... but we're on the right path, for sure. And that will certainly have a huge impact on the real estate market.”.

North Adams had been on a downhill slide for many years, but now we are experiencing investments in the area that are bound to bring a lot of tourist and visitor traffic in; bound to be a catalyst for new jobs creation; and bound to make the area grow  more than we can possibly imagine right now. Tie that into the existing and expanding activities in Williamstown and it’s obvious that the efforts at attracting tourism and business into the corridor are off to a great start. 

So, if you have been “on the fence” about buying a new home or selling your current home in the northern Berkshire County area, but waiting for a better real estate market, we are standing on the doorstep of that market right now!

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