SRA Authorizes Third Amendment With Winn Development

The Salem Redevelopment Authority authorized Executive Director Tom Daniel and Chair Grace Napolitano to negotiate a third amendment to the Purchase and Sale Agreement with Winn Development for the redevelopment of 252 Bridge Street and 32-34 Federal Street. The amendment will restructure the project to link the Exchange housing development with restoration of the historic courthouses and potential lease to the Massachusetts National Guard, with an escrow requirement of at least $1 million and specific milestones tied to National Guard legislation.

Scope & details

The full contract record, as filed.

Contract type

FACILITIES

Renewal date

2028-12-31

Renewal

Third amendment to existing Purchase and Sale Agreement for 252 Bridge Street and 32-34 Federal Street; includes requirement for at least $1 million escrow, monthly status updates on National Guard legislation, and re-evaluation of $3.5 million in improvements if the Guard project does not proceed by 2028-12-31.

Document type

Minutes

Source document

City of Salem Public Meeting Minutes 2026-05-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Salem?

Winn Development was awarded this facilities contract by City of Salem, as recorded on May 13, 2026.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Salem Public Meeting Minutes 2026-05-13 (Minutes), dated May 13, 2026 from City of Salem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Winn Development hold?

Winn Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Winn Development's profile

What is City of Salem currently buying?

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SRA Authorizes Third Amendment With Winn Development

Scope & details

Related contracts

Frequently asked questions

Who was awarded the facilities contract by City of Salem?

What type of contract is this?

Where was this contract approved?

What other contracts does Winn Development hold?

What is City of Salem currently buying?

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