High-Profile: May 2021

Page 36

May 2021

36

Mixed-Use Bartlett Station Project Begins in Roxbury’s Nubian Square Boston -  Construction has started on 60 new, mixed-income apartment homes at Bartlett Station in Roxbury, which will conclude the first phase of the five-phase redevelopment of the former MBTA Bartlett Bus Yard in Nubian Square. The new apartments currently being constructed at Bartlett Station Building A will join a 60-unit, mixed-income rental apartment building and a 16-unit condominium building that were completed on the site in 2019. The nonprofit Nuestra Comunidad Development Corporation and Windale Developers, Inc. are partnering to redevelop the formerly vacant, eight-acre brownfield site into approximately 380 new homes for working families, including 166 homes for purchase, 214 apartments and 30,000sf of commercial space. The transformation of the former bus yard will occur over five phases. The development project is anticipated to generate approximately 100 retail jobs and 900 construction jobs, with 60% of the jobs going to workers of color. The general contractor is NEI General Contracting. The architect is Davis Square Architects, and the management agent

Bartlett Station

will be WinnCompanies.  Construction is expected to be completed in November 2022. “Bartlett Station is a major component of the revitalization of the Nubian Square area, and this transaction involved a

unique partnership with Boston Medical Center that will result in the BMC providing important supportive services for some of the residents with disabilities,”

said Chrystal Kornegay, MassHousing executive director. “This project is a prime example of the good we can do for the residents of Boston when we work together as partners to develop new affordable homes and create jobs, and I want to thank every person who helped make this important milestone possible,” said Mayor Kim Janey. Building A will contain 12 onebedroom apartments, 34 two-bedroom apartments and 14 three-bedroom apartments. The new building will also feature approximately 10,000sf of retail and community space. The new housing is being delivered through a broad array of financing sources including, MassHousing, the Mass. Department of Housing and Community Development (DHCD), the City of Boston, Boston Medical Center, and tax credit equity from an allocation of federal and state Low Income Housing Tax Credits.

Former Daily Item Bldg. Gets Financing

Rendering of the redeveloped former Daily Item building at 38-54 Exchange Street in Lynn

Lynn, MA – MassDevelopment has partnered with Newburyport Bank to provide ARC Realty Management LLC, owner of the vacant former Daily Item building at 38-54 Exchange Street in Lynn, with $6,650,000 in loan financing to support conversion of the property into a mixed-use development. BuildAR Group, Inc. is the general contractor for the project. “ARC Realty Management will provide 31 unique apartments and additional retail space as part of the

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ongoing revitalization of the downtown area. This project aligns perfectly with our mission of financing projects which continue to improve the communities in which we do business,” said Mitch Marcus, senior VP of commercial lending at Newburyport Bank. The building was formerly owned by the Daily Item newspaper, and featured a first-floor printing press and upper-floor newsroom and management offices. It has been vacant since 2014.


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