SalemNews.com, Salem, MA

Local News

May 16, 2012

160 apartments proposed

Kelleher's Pond housing would be 'smart growth' district for Beverly

(Continued)

Hale said 20 percent of the apartments would be set aside for people with "moderate" incomes. Rents would range from $1,200 for an affordable one-bedroom unit to an estimated $1,950 for a three-bedroom market-rate unit, he said.

The land off Essex Street was owned for years by the Kelleher family. Kelleher's Pond was dredged by John Kelleher in the 1950s to produce ice for his business. The family eventually got into the oil and construction business.

In 2008, the family moved its company to Tozer Road and sold its Essex Street property to Walker Realty of Westford for $3.47 million. The Next Generation Children's Center was built on the front of the property in 2009.

Staff writer Paul Leighton can be reached at 978-338-2675 or by email at pleighton@salemnews.com.

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