Construction and restoration have begun on affordable housing units at the historic Warren Hall building in Boston’s Brighton neighborhood, The project is a collaborative effort between Allston Brighton CDC (ABCDC), Schochet, Mayor’s Office of Housing at the City of Boston (MOH), Community Economic Development Assistance Corporation (CEDAC), MassHousing and the Executive Office of Housing and Livable Communities, with private sector equity provided by R4 Capital and Dorfman Capital.
Warren Hall, 329-337 Washington St., was built in 1879 and is a historically significant structure in Brighton Center, with 33 apartments on the upper floors to be converted to 35 units, six first-floor commercial bays to be converted to three commercial spaces and two residential ADA-compliant apartments. The building was converted into housing in the 1970s.
Following the expiration of the HUD-insured Section 236 mortgage after the initial 40-year period, affordability was not extended by building ownership, and, over the years, the private owner delayed critical repairs. Through a collaboration between ABCDC, Schochet, MOH and CEDAC, the building was purchased in 2024 with the goal of repairing the site and reintroducing affordability.
Jonathan Rose Companies and Community Opportunity Fund, a nonprofit focused on expanding affordable housing and connecting residents to opportunity, announced plans for a comprehensive $32.8 million rehabilitation of Ashtabula Towers, a 202-unit affordable senior housing community in Ashtabula, Ohio. The project represents a significant reinvestment in a longstanding community asset, with updates designed to enhance...
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Atlas Capital Group has acquired 360 W. 43rd St., a 256-unit multifamily property located in Midtown Manhattan’s Hell’s Kitchen neighborhood. Although Atlas Capital did not disclose the acquisition price, Crain’s New York Business reported it as approximately $150 million, or about $586,000 per unit. The 23-story, approximately 250,000-square-foot property comprises 256 rental apartments, 13,000 square feet...
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EYA LLC, a D.C.-based urban infill residential developer, is advancing two major residential projects in Northern Virginia. The firm’s Prosperity Park project received approval from the Fairfax County Board of Supervisors, and the Idylwood Hill development reached a key milestone with the closing of its 6.97-acre site in Falls Church. The two projects will bring...
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