Pennrose/Cape Cod 5
A multi-family rental development of 62 units, the project will renovate the building on West Road (next to Skaket Corners) previously occupied by Cape Cod Five’s Operations Center. Efforts have been underway since 2018 and as of October 2022, the developer Pennrose has secured approval for a comprehensive permit from the Orleans Zoning Board of Appeals, for federal and state tax credit financing by Massachusetts Department of Housing and Community Development (DHCD), for contributions from seven of the eight towns on the Lower Cape, and gap financing in the form of a $2 million bond from the Town of Orleans’ Community Preservation Committee. At this time, estimates are for construction to start in 2023. Several documents produced during the project development, along with links, are:
- Design Feasibility Study for multiple-family community housing at Cape Cod Five Cents savings Bank Operations Center, 19 West Road & 10 Skatet Corners, for Town of Orleans, October 11, 2019, submitted by Brown Lindquist Fenuccio & Raber Architects, Inc,
- 10 Skaket Corners: Letter of Opinion from CBI Consulting LLC to Town of Orleans regarding the suitability of converting the building use to residential apartments, August 31, 2018.
- Pennrose Development Basic Project Description: Presentation to Affordable Housing Committee by Town staff" (17 slides), May 4, 2021
- Pennrose Market Study (2021): Rental Housing Supply and Demand Analysis for Orleans Cape Cod Five, 19 West Road, Orleans, MA, prepared for Pennrose, LLC, by LDS Consulting Group, LLC, October 15, 2021.