A project that is expected to bring nearly 90 new apartments to Fall River is moving forward.
MassCan Capital LLC closed on the 98,190 square feet at 460 Globe Street on August 31st.
At March 2025’s Fall River Zoning Board of Appeals meeting, MassCan Capital was granted a Special Permit to convert the existing mill building into an 89 residential unit apartment building. The proposal includes 89 parking spaces and landscaping.
MassCan Capital has received $2.5 million in a Housing Development Incentive Program award and $250,000 in grants for the $20+ million project which will be used towards the adaptive reuse of Globe Yarn Mills into 4 studio, 57 one-bedroom, and 28 two-bedroom market rate units.
The mill was built in 1881 and previously housed Globe Flea Market, Globe Furniture, and Rack’em Up Billards. The Flea Market closed at the end of April after over 40 years in business.
A project completion timeframe of 2027 is expected with shovels breaking ground as early as this year.
