ROCKLAND — Several people who live in the neighborhood where a 53-unit senior housing project is proposed voiced concerns Tuesday evening, June 21, about the potential for noise, traffic, and loss of property values.

But developer Kevin Bunker of Developers Collaborative Predevelopment LLC assured residents he would listen to their concerns, meet with them, and the housing will not detract from their neighborhood.

Planning Board Chair Erik Laustsen announced at the start of the June 21 meeting all parties agreed the meeting would be considered a pre-application meeting. The first formal review is expected to be held July 19.

Suzette Robinson of North Main Street said she strongly opposed placing a 53-unit low-income housing project in her neighborhood. She said this would lower the value of her property and that of other people in the neighborhood.

“How will I be compensated,” she said.

Robinson also voiced concern about water runoff, and people loitering outside the building which would reduce the privacy of her property.

Valerie Hooper of North Main Street said she spoke to people up and down the street and all were opposed to the project. She also said she was concerned the development would reduce her property’s value. Hooper said she was concerned about added traffic, saying she was tired of burying cats and squirrels killed by speeding vehicles.

Rebecca and Linwood Lothrop of North Main Street voiced concern about water runoff if the property were to be developed. They said they have been there for 41 years and also said they were concerned about loss of privacy with such a large development.

The development would consist of a two-and-a-half story residential building with 53 units of affordable housing at 118 Maverick St., located between North Main and Maverick streets. There would be 49 one-bedroom apartments and four studio apartments. Each living unit would be 25-feet-by-25-feet.

The estimated cost of the development is $10 million to $13 million and will take 12 to 14 months to complete following approval.

Bunker, a founding principal of Developers Collaborative, said he will be naming the development Peasley Park after his friend Leroy Peasley. Peasley was a Marine who served in World War II and then was a lifelong educator. He died in January at 97.

Peasley Park will have a single driveway off Maverick Street into a parking lot with 66 parking spaces. Proposed site improvements include common open spaces, gardens, landscaping, and various grounds improvements for buffering. A sidewalk extension down Maverick Street to Birch Street will open pedestrian access to the existing sidewalk southeast of the site, which offers walkers access to various retail and services in town, the developer states in the application.

Bunker told neighbors he would erect a fence to separate the development from the property of any abutter who wants one.

The land is currently owned by Stanley and Lisa Carleton. The development company has a purchase and sales agreement for the 2.5 acres of currently undeveloped land.

Bunker, a founding principal of Developers Collaborative, said that the income limits for potential tenants would be $25,000 to $38,000 with rents between $600 and $800 per month. He said this is not so much a low income development but a housing project for people 55 years old and older, many who will likely be in the workforce.

The project can offer as many units because of a zone change approved May 9 by the City Council. The minimum lot size per dwelling was reduced from 5,000 square feet to 2,000 square feet in residential B zones and from 2,500 to 2,000 square feet in transitional business zones. The site eyed for the senior housing project is a mix of residential B and transitional business zones.

Financing is being sought, in part, through the Maine State Housing Authority. The rents are subsidized, making them more affordable.

118 Maverick St. in Rockland.

This senior housing project in Topsham is similar to the one being proposed in Rockland.

The senior housing project will be named Peasley Park in honor of the late Roy Peasley.