The Burlington Housing Authority (BHA) has signed purchase and sale agreements with Maple Street Building Co. and Bobbin Mill Building Co. to acquire Wharf Lane Apartments and Bobbin Mill Apartments in Burlington.
BHA will purchase 37-unit Wharf Lane, at the corner of Maple and South Champlain streets, for $3.515 million. The closing is planned for March 31.
Purchase price for the 51-unit Bobbin Mill building at 234 S. Champlain St. will be $6.485 million, if it's purchased by BHA no later than December 2012.