
Despite Green Light, Cambridge Housing Proceeds with Caution
Affordable developers have been treading carefully despite theoretical zoning permission to build tall, including shrinking buildings to placate neighbors.
Affordable developers have been treading carefully despite theoretical zoning permission to build tall, including shrinking buildings to placate neighbors.
Winn Development is seeking approval for 120 units of mixed-income housing in Salem while it studies potential uses for the second phase of the Exchange Salem project at a former courthouse and county commissioners’ building.
Seven proposed Boston buildings are about to start testing whether real commercial development can move past carbon-spewing construction materials in a big way.
The recent surge in inflation is starting to effect construction of multifamily housing in Massachusetts, forcing some developers to put projects on hold or revamp their financial assumptions amid skyrocketing materials and labor costs.
Roy Avellaneda, president of the Chelsea City Council, thought his idea was pretty straightforward: Impose a five-year moratorium on construction of new rental properties in the city to give councilors time to re-write zoning laws to promote home ownership.
It’s pretty clear MGM’s nearly $1 billion casino is not living up to boosters’ expectations. But the massive gambling and entertainment complex has still put one of the state’s poorest cities, back in the game.