Jones Block Auction in Adams Postponed

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The foreclosure auction of two downtown buildings was postponed after the developer filed in bankruptcy court.

ADAMS, Mass. — The scheduled foreclosure auction of the Jones Block was postponed until March after the developer filed bankruptcy.

A handful of potential bidders and onlookers were gathered outside the buiding at 49-51 Park St. in the frigid air for the start of the auction at 1 p.m. on Thursday. But instead auctioneer Corey Fisher of Aaron Posnik & Co. declared that the auction had been postponed to March 15 at 1 p.m.

The result was the same for companion building at 39-45 Park, set to be auctioned at 1:30. It, too, was postponed to March 15 at 1:30 p.m.

A representative for mortgageholder Hoosac Bank declined to comment on the change of plans, but it was apparently sidelined by the buildings' owner Samel Adams Enterprises LLC filing for Chapter 11 bankruptcy in U.S Bankruptcy Court, Eastern District of New York, on Wednesday, Jan. 23.


According to documents filed in the court yesterday, "At a meeting of the members of Samuel Adams Enterprises LLC, held on Jan. 23, 2012, by the unanimous vote of the members, it was unanimously approved that the limited liability company shall file a Chapter 11 petition ... ."
 


Adams Jones Block Scheduled for Auction

Samuel Adams was the limited liability company established by developer Gerardo "Gerry" Sanchez to own and renovate the two buildings. It has a mortgage for $700,00 on the Jones Block and $384,000 on the Carlow building, both taken out from Hoosac Bank in 2008.

The bankruptcy court filing puts the value of the two buildings at $2.125 million and lists only Hoosac Bank as the creditor holding secured claims with a value of $1.28 million. The company estimates its assets at between $1 million and $10 million.

Sanchez, head of Polonia Architectural Restorations, has had his ups and downs. While his company is known for its successful restoration projects, he also ran into bankruptcy trouble in the past and was forced to sell his holdings, according to a 2004 article in the Times-Herald Record of Middletown, N.Y.


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Berkshire Museum Donates Cheshire Crown Glass to Town

By Sabrina DammsiBerkshires Staff

Historical Commission Chair Jennifer DeGrenier and Jason Vivori, Berkshire Museum collections manager, present the antique glass to the Select Board. 
CHESHIRE, Mass. — A piece of history has found its way back to the town with the donation of a well-preserved pane of bull's-eye glass made at Cheshire Crown Glass Works. 
 
Manufactured in 1814, the artifact was donated by the Berkshire Museum, where it had been since 1910. 
 
The glass will be on display at the town's new museum, located in the old Town Hall at the junction of Church and Depot Streets, alongside research and photographs gathered by the town's local historian Barry Emery.
 
Prior to being housed at the museum, the piece was at the Berkshire Athenaeum prior to the museum's founding, said Jason Vivori, the museum's collections manager. 
 
The glass was originally used in window making. Its distinctive bull's-eye center was formed when the molten glass was spun on a long rod to form large sheets, Vivori said. 
 
The bull's-eye rendered it unsuitable for windows today, but local historians admire the piece for its preservation, making it unique. 
 
There is another piece of Cheshire Glass in the old Reynolds store, Historical Commission Chair Jennifer DeGrenier said. 
 
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