Hot Property: ThirtyOne Elm
A historic former office building, hotel and theater originally constructed in 1892, downtown Springfield’s 13-31 Elm St. fell into disrepair and vacancy for the past three decades.
Hot Property: The Westcott
A $69.1 million financing package was completed for the development of a mixed-income community near commuter rail and bus service in Swampscott.
WinnDevelopment Begins $55M Mill Housing Conversion
A $55.3 million adaptive reuse project will create 88 affordable senior apartments in a historic mill complex that’s sat vacant for decades in downtown Holyoke.
Designers Chart Cost-Effective Fossil Fuel Fixes
The race is on to decarbonize real estate developments across Greater Boston. But it doesn’t mean developers need to be fearful of crushing costs, experts say.
From Disaster Comes Opportunity in the Merrimack Valley
Adapting an idle building into housing, commercial space or a community center maximizes the value of an existing asset, reduces carbon emissions and can effectively help address the shortage of affordable housing.
Worcester Developments Boosted by State Aid
Two Worcester real estate developments in progress are sharing a $1.3 million boost thanks to a state program. This is part of larger packets of programs equaling up to $22 million dollars.
Lawrence’s Oldest Mill Building Cleared for Apartment Conversion
WinnCompanies will break ground early next year on a $34 million residential conversion of Lawrence’s oldest mill building after receiving the final piece of its financing package.
Cambridge Overlay Off to Fast Start
Developers seeking predictable approvals and diminished threat of drawn-out legal challenges are eager to tap into Cambridge’s new zoning designed to encourage 100 percent affordable projects.
WinnDevelopment Kicks Off New Bedford Mill Reuse Project
Boston-based WinnDevelopment has begun construction of 71 additional units of mixed-income for 55-and-over residents at New Bedford’s Cliftex Mill complex.
Downtown Housing Is Lawrence’s Missing Puzzle Piece
Local officials and economic development specialists say underutilized office buildings and neglected parcels in the heart of downtown present a compelling opportunity for housing conversions and new construction.
State Gives $44M for 11 Affordable Housing Projects
The state Department of Housing and Community Development awarded grants worth $44.7 million and $16 million in state and federal low-income housing tax credits Tuesday to a group of 11 housing developments in Eastern Massachusetts.
Winn’s Purchase of Peabody Housing Community Will Preserve Affordability
With $49.3 million in affordable housing financing from MassHousing, WinnCos. will preserve affordability for lower-income households at The Tannery in Peabody for another half-century.
Cambridge Thinks Big About Housing Production
Cambridge is considering a bold step designed to boost its affordable housing inventory: allow developers to build taller buildings anywhere in the city if they agree to build only 100 percent income-restricted units.
A New Canvas in Fitchburg
Fitchburg’s public and non-profit sectors are preparing to roll out a $100 million red carpet to entice private developers, retailers and restaurateurs to join in revitalization efforts of the city’s downtown area.
Opportunity Zones Leverage Existing Incentives
With a strong economy in Massachusetts and creative leadership in mid-size urban centers throughout the state, federally designated Opportunity Zones present an enormous chance to stimulate the development of much-needed multifamily housing
A Tax Treat for Multifamily Investors
A federal stimulus program designed to encourage investment in economically disadvantaged neighborhoods is likely to deliver tax savings to investors in multifamily developments, particularly in Massachusetts’ working-class cities and suburbs.
Allston-Brighton Veterans Supportive Housing to be Completed in 2019
A new Allston-Brighton project called the Residences at Brighton Marine will be one of the largest veterans’ developments nationwide, according to a statement made by the architect on the project, The Architectural Team Inc.
Ludlow Mill Redeveloped As 75-Unit Mixed-Income Complex
A $19.3 million redevelopment of a 110-year-old historic mill in Ludlow has generated 75 new units of mixed-income senior housing that are already 100 percent leased.
Attleboro Mill Redevelopment Secures Financing
Boston-based WinnDevelopment has completed assembling a financing package that will enable it to acquire and redevelop the Mechanics Mill former jewelry factory in Attleboro for a 91-unit mixed-income housing project.
WinnDevelopment Breaks Ground On Fitchburg Yarn Mill Housing
WinnDevelopment, the development arm of...
