Through a competitive bid process, TMI Property Management acquired the former Franco American School property with the support of the community, including the Coalition for a Better Acre.
Restoration and Renovation
TMI Property Management first began the restoration of the historic Ayer Mansion, which abuts the former school building and faces Pawtucket and School streets. Next, a complete gut renovation was performed of the former school building, turning it into 49 luxury apartments, 5 of which are part of a new penthouse level. Additionally, a community room space was created on the ground floor. Simultaneously, the Stations of the Cross and the Grotto have been restored with a park that opened in 2020. Now, The Suites in the Ayer Mansion is launched in 2023.