Multi Residential
Cambridge Affordable Housing Receives Bond
Cambridge, MA – MassDevelopment has issued a $30.5 million tax-exempt bond on behalf of Roosevelt Towers Family LLC, an affiliate of the Cambridge Housing Authority (CHA), which will use bond proceeds to renovate and preserve Roosevelt Towers Low Rise, a 112-unit affordable multifamily rental housing facility in Cambridge. In addition to the tax-exempt bond, MassDevelopment […]
Newton Affordable Housing Receives Financing
Boston – MassHousing has provided $8.1 million in affordable housing financing to the non-profit Newton Community Development Foundation (NCDF), to preserve and extend the affordability for lower-income senior citizens for at least 20 years at the 43-unit Casselman House in Newton. NCDF refinanced Casselman House through MassHousing’s Multifamily Accelerated Processing (MAP)/Ginnie Mae Joint Venture Initiative with lender partner Rockport Mortgage Corporation. MassHousing offers the MAP/Ginnie Mae loan program to the owners […]
Passive Housing Project Continues in Cambridge
Cambridge, MA – Callahan Construction Managers (Callahan) announces construction of the Squirrelwood Apartments, a 12-building, 88-unit affordable housing development located in Cambridge, has resumed after a temporary shutdown due to the COVID-19 pandemic. The project is progressing rapidly and is poised to be completed in 2021. Owned by Just-A-Start Corporation, Callahan and Davis Square Architects […]
Construction Underway on Ninety_o Development
Boston – Helge Capital and Gansett Ventures, both Boston-based real estate firms, are building Ninety_o, a modern multifamily development at 90 Ocean Ave. in Revere. Billed as “Something to Really Revere,” this transit-oriented development will provide 75 premium apartments near Revere Beach, in the heart of this emerging beachfront corridor just minutes from Downtown Boston. A quick walk […]
Roxbury Affordable Housing Receives Financing
Boston – MassHousing has closed on $25.25 million in affordable housing financing, to an affiliate of Vitus, for the preservation and rehabilitation of 82 affordable housing units in Roxbury. Vitus will utilize the MassHousing financing to combine a pair of Roxbury affordable housing communities, the Fort Hill Gardens and Esperanza Trust properties, into a single development entity, make substantial capital improvements […]
Passive House Standards Define Beacon Communities Project
Boston – At one of the nation’s oldest federal public housing developments, a new apartment community for low-income seniors will offer some of the most comfortable and efficient rental homes available anywhere, thanks to the innovative methods of Passive House construction. Designed by The Architectural Team (TAT) for Beacon Communities Development, the new, 55-unit expansion […]
New East Greenwich Subdivision Approved
East Greenwich, RI – The East Greenwich Planning Board recently voted to approve a new subdivision at the end of Princess Pine Drive off Taggart Court. The 79-acre parcel that borders both West Greenwich and Exeter will be known as Highland Woods. The owner, GSA Properties, LLC, has teamed up with DiPrete Engineering and Blish […]
Construction Continues on Shrewsbury Luxury Townhomes
Shrewsbury, MA – Casa Builders and Developers (Casa) announced the continued construction of their 55+ senior living community, Wyman Farms, in Shrewsbury. Sales and marketing began at the property in 2019, and completion is scheduled for 2022. Consisting of 26 units, the newly constructed, luxury duplex-style condominiums, Wyman Farms’ architecture resembles a modernized New England […]
Construction Continues at Apt. Complex
Lynn, MA – Callahan Construction Managers continues construction at Breakwater in Lynn. The Dolben Company, Inc. is developing the future luxury waterfront apartment complex, with HDS Architecture serving as the architect. Callahan’s team has started to oversee the structural steel construction, with wood framing scheduled to start in June. The project remains on-schedule despite the […]
Workforce Housing Community Receives Financing
Boston – MassHousing has closed on $1.3 million in affordable workforce housing financing to Austin Street Partners LLC, for the new, 68-unit 28 Austin Street in Newton, which offers 23 workforce housing apartments for lower- and moderate-income households. The recently completed 28 Austin Street development is a public-private partnership between Austin Street Partners, a joint venture of Dinosaur Capital Partners and Oaktree Development, […]
