The Redevelopment Agency this month authorized an appraisal for the Shami Apartments on Hamilton Street.
The last appraisal, which pegged the property at about $2 million, was done several years ago and had to be updated, according to City Administrator and Redevelopment Director Peter Pelissier. The building is part of the plan to create about 80 units of affordable housing for seniors and artists while the adjacent Bell Building will become a black box theater and performing arts space.
Demolition of the nearby Hamilton Laundry building, where a park and amphitheater are planned, is expected in the coming weeks. Of the five houses near the Hamilton Laundry, only one directly next door is proposed to be acquired, according to Redevelopment Agency Attorney Frank Regan.