MassDevelopment has signed a letter of intent with Metro West Collaborative Development, a nonprofit affordable housing developer, for the sale of a 6.6-acre site at Adams Cir. in Devens. Metro West Collaborative Development intends to build 65 new apartments on the site.
The proposal is among the first housing developments made possible by the Mass Leads Act, which Gov. Maura Healey signed in November 2024. The legislation removed the longstanding cap that had limited Devens to 282 housing units, allowing MassDevelopment to seek developers for multiple parcels already zoned for housing, including Adams Circle.
The proposed multifamily development would include six buildings, with apartments for households earning between 30% and 80% of area median income. For its proposal, Metro West Collaborative Development partnered with Utile, Inc, an urban design and architecture firm, to develop the housing site plan for the Adams Circle site. The organization estimates construction of the buildings to occur from 2029-2031.
A provincially backed investment fund has made its first move into Toronto’s battered condo market, paying $22.3M for 43 unsold units and shifting them into long-term rentals. High Art Capital acquired the condos at Line 5, the 1,005-unit, two-tower development at 117-127 Broadway Ave. near Yonge and Eglinton, The Globe and Mail reported, citing CoStar’s...
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The Mamdani administration has launched public review of the redevelopment of 100 Gold St. in Lower Manhattan, a major step toward transforming a city-owned site into approximately 4,000 new homes, including around 1,000 permanently affordable, rent-stabilized homes. The updated plan adds roughly 300 additional homes to previous estimates. Following a competitive request for proposals process,...
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Amherst CEO Sean Dobson said there are plenty of reasons for caution in today’s housing market. The good news: He isn’t seeing a repeat of the Great Financial Crisis (GFC). Dobson spoke with Walker & Dunlop Chairman and CEO Willy Walker on Sept. 17 during the 2026 Zelman Housing Summit in Boston. The conversation was...
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