Multi Residential
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 […]
Peabody Housing Community to Remain Affordable for Residents
Boston – MassHousing has closed on $49.3 million in affordable housing financing to WinnCompanies to preserve affordability for lower-income households at The Tannery in Peabody. WinnCompanies purchased the 284-unit affordable housing community under Chapter 40T, preventing the conversion of affordable apartments to market rates and protecting the tenancies of dozens of low-income residents. The MassHousing financing […]
Callahan Completes Condo
Hingham, MA – Callahan Construction Managers announced the completion of Brio, a new residential building at the historic Shipyard in Hingham. The project was developed by A.W. Perry and Boston Andes Capital, with Bargmann Hendrie + Archetype and Albert Righter and Tittmann serving as the architect. Brio is located on a previously unoccupied portion of […]
NE Design-Build Firm Renovating Senior Living Facility
Stamford, CT – South Coast Improvement Company (SCI), a design-build general contractor serving New England and the Mid-Atlantic states, was recently awarded a new construction/renovation project at Sunrise Senior Living, 251 Turn of River Rd, in Stamford. The Marion, Mass.-based company began work last month. The project will include first and second floor bathroom renovations; […]
Kaplan to Build Townhouses
Holyoke, MA – Kaplan Construction has been selected to construct a new 17,000sf, three-story apartment building and perform renovations to existing apartments at Holyoke Farms. Upon completion, the project will offer 229 units of mixed-income family housing across 32 buildings, including 217 renovated two- and three-bedroom townhouse apartments. The new three-story apartment building will replace […]
North 116 Flats Housing Community in Development
Sunderland, MA – Dallas, Texas-based Fountain Residential Partners, in a joint venture with HC2 Capital, announced the development of its first housing community in Massachusetts, North 116 Flats. Located at 653 Amherst Road in Sunderland, the property is located just north of the town of Amherst and the UMass Campus, and will provide 150 units […]
RE Firm to Manage Dorchester Complex
Dorchester, MA – Full-service real estate and property management firm, Peabody Properties, announced that it has assumed management of Harmon Apartments at 2045 Dorchester Ave. in Dorchester, an independent, mixed-income apartment community comprised of 36 fully accessible apartment homes for residents with physical disabilities, including those that are progressively degenerative. Harmon Apartments, which celebrated its […]
