Massachusetts Gov. Maura Healey announced $330 million for 403 local economic development and housing projects in 207 communities across the commonwealth through the Community One Stop for Growth. The awards will support more than 27,000 new homes, more than 13,000 permanent jobs, and more than seven million square feet of new commercial development, while helping unlock an estimated $24.6 billion in private investment. This is the largest amount of One Stop funding issued in a single round in the history of the program.
“We’re investing in communities across Massachusetts to create the housing, jobs and economic growth our state needs,” said Healey. “These awards will turn underused properties into new homes and businesses, strengthen downtowns, create good jobs and unlock billions of dollars in private investment. That means more opportunity for families, workers and businesses in every part of our state.”
Of the projects receiving awards, 36% are in a rural community, 24% in Gateway Cities, 37% in Housing Choice Communities, and 50% are in MBTA Communities. Thirteen communities are receiving a grant through the One Stop for the first time.
BST Canada has added a lakefront-adjacent Toronto apartment building to a multifamily buying program that has quickly grown to more than 600 units. The company said Thursday it acquired the 122-unit building at 30 Springhurst Ave. in South Parkdale, steps from Lake Ontario and Exhibition Place. BST did not disclose the purchase price. The 12-storey...
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Westrich Pacific is putting more shape around its redevelopment of Edmonton City Centre, floating two 50-storey residential towers as part of a broader plan to turn the struggling downtown mall into a mixed-use district. Co-CEO Richie Lam said this week the developer is considering affordable housing, an indoor patio, a grocery store or food hall...
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Marcus & Millichap announced the sale of 6145-6149 Kansas Ave. NE in Washington, D.C.’s Riggs Park neighborhood. The asset sold for $1.3 million. “Multifamily rental properties are in short supply in this pocket of the Manor Park and Brightwood submarket, making this a rare investment opportunity,” said John Slowinski, associate director of investments in Marcus...
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