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The idea that Chatham Square could be converted to private townhouses reflects a partial departure from the city's original stated plan. City officials have said they bought the property -- for $4 million -- as a way to stabilize it, put better management in place and stop the complex from draining city resources.
When the city took over earlier in the year, it expected to usher in a "quick turnaround to an affordable-housing development," Kearney said. Rent for a one-bedroom apartment there runs in the range of $700 per month.