Multi Residential
Seaport Residences Nears Completion
Boston – Gables Residential, a firm specializing in multifamily development and management, announced that the apartment community, Gables Seaport, located on 501 Congress St., will open in March 2020. In conjunction with Drew Company, Gables Residential is bringing a 23-story, 307 apartment home building to South Boston’s Seaport District, an area which has been transformed […]
Everleigh Cape Cod Project Completed
Barnstable, MA – Callahan Construction Managers announced the completion of The Everleigh Cape Cod in Barnstable. The property is owned by Greystar, a global multi-family development company, and was designed by The Architectural Team (TAT), a national firm in planning and design for multifamily and senior living communities. The Everleigh is a 338,695sf building, and […]
Griffin Completes Electrical Installation
Shelburne, VT – Wayne J. Griffin Electric, Inc. of Holliston, Mass. has completed the electrical and telecommunications installation work at Wake Robin Lifecare Community’s health center, community center and new residential building in Shelburne. A renovation and addition to the 150,000sf health center includes three separate neighborhoods for health services and a new dining venue […]
Anne M. Lynch Homes Secures Financing
Boston – MassHousing has closed on $66.1 million in affordable housing financing to affiliates of Beacon Communities, LLC to advance the redevelopment of obsolete public housing at the Anne M. Lynch Homes at Old Colony in South Boston. Originally constructed in 1940, Old Colony is one of the oldest federal public housing developments in the country […]
MassDev. Finances Sr. Housing
Boston – MassDevelopment has issued a $10 million tax-exempt bond on behalf of Hearth Four Corners LLC, an affiliate of Hearth, Inc., a national nonprofit dedicated to eliminating elder homelessness. Hearth will use bond proceeds to buy a parcel near the Four Corners/Geneva MBTA commuter rail station in Dorchester, on which it will build and […]
Lowell Affordable Housing Receives Financing
Lowell, MA – MassDevelopment has participated with Washington Savings Bank to provide a $3,062,700 loan to Residence at Mill Square LLC, an affiliate of Degmar Development Corp. Degmar used proceeds to buy a parcel at 27 West Third St. in Lowell, on which it is building a 21-unit affordable rental housing facility to be called […]
Loan Secured for Yale Acres Redevelopment
Gloucester, MA – Rockport Mortgage of Gloucester announced the closing of a $26.6 million, HUD 221(d)(4) substantial rehabilitation loan in Meriden, Conn. Yale Acres is a 162-unit affordable housing community originally constructed in 1952 by the Meriden Housing Authority (MHA). The borrower, Yale Acres LLC of Meriden, Conn., is an affiliate of Maynard Road Corporation, […]
The Frederick Rehab Completed
Boston – Advisors Living, a division of Boston Realty Advisors and specializing in the planning, design, marketing and sales of new luxury residential developments, officially launched “The Frederick,” a classic gut rehab in the heart of Coolidge Corner, Brookline, consisting of eight newly constructed two-bedroom, two-bath homes. The Frederick was named for the father of […]
NEI Completes Housing Development
Chelsea, MA – NEI General Contracting announced the completion of Acadia, a new 42,000sf affordable housing development with 34 units located in Chelsea on the site of the former French Naturalization Club on Spencer Avenue. Acadia is the latest affordable housing project by The Neighborhood Developers (TND), a community development corporation dedicated to building affordable […]
State Funding Awarded to Swampscott Senior Housing
Brighton, MA – On July 18, Governor Charlie Baker and Undersecretary Janelle Chan of the Massachusetts Department of Housing and Community Development (DHCD), announced the 2019 annual affordable rental housing funding awards. B’nai B’rith Housing’s Senior Residences at the Machon development was one of the 28 funding recipients. The complete list of funded projects was […]
