Work on Oxoboxo Lofts, the planned 72-unit development in town, was suspended this year, but Massachusetts-based developer Dakota Partners is planning to carry on with construction in January 2021. The nagging issue for the developer has been procuring a flood management certification for the development on Pink Row and at the location of the former Faria Beede Mill Property. But Jeff Caiola, assistant director of the state Department of Energy and Environmental Protection’s Land and Water Resources Division, said the latest application looks good. Cardillo said the application has been “conditionally approved.” The flood management certification is critical to financing for the project. Dakota co-founder and President Roberto Arista said in March that the majority of funding from the project comes from state tax credits and a DOH loan of $6 million. On Dakota’s website, total development costs are projected to be $32.3 million.
https://www.theday.com/local-news/20201113/construction-schedule-on-oxoboxo-lofts-pushed-back