JP Parcel U, Community Builders in Partner Project

| December 30, 2014 | 0 Comments

Boston – Developer JP Parcel U, LLC and The Community Builders, Inc. are partnering on a three-phase project to bring 124 residential units, over 1,600sf of ground floor retail, approximately 1,000sf of community space, and three new pocket parks to Parcel U in Jamaica Plain.

Parcel-U-large

Multifamily mixed-use residential building

Phases 1 and 2 consist of 48 condominium units spread across 24 energy-efficient townhouses. Phase 3, which will be developed and managed by The Community Builders, will consist of a mid-rise multifamily mixed-use residential building with 76 rental units. At total build-out, the project will result in approximately 193,310sf of development, including parking and utilities.
Construction of Phase 1 is expected to begin in the spring of 2015 and be completed by the summer of 2016. Phase 2 is currently scheduled to begin in spring 2016, with completion anticipated in summer 2017.

Phase 3 will not begin construction until spring 2017 in order to allow the development team to secure public funding for the affordable housing component. The project will ultimately include 38 affordable rental units and six affordable homeownership units.

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Category: All, Mixed-use

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