Having finished a $22 million, three-building apartment center on Broad Street this summer, city developer Robert Smith’s Metro Star Properties is starting construction of a $16 million two-building complex slated for nearby River Street this fall, he said Monday. Asbestos abatement continues and demolition will begin of an old downtown shopping center in October at 44-64 River St. The city issued the demo permit about two weeks ago, city officials said. The 50-apartment complex, which includes 12,000 square feet of retail space, is Smith’s 30th in and near downtown since 1999 starting with what is now known as Schooner Wharf, Smith said. Metro on Broad, the project completed this summer, is 78 units spread across three residential buildings ranging from studio- to three-bedroom apartments, with rents ranging from $2,095 to $3,295 per month. It’s at 135 Broad St., just off the Milford Green.
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