Nauset Construction has completed Hager Homestead, reportedly New England’s first senior cohousing community. Located on a 15-acre parcel of land that was home to a former local dental practice and residence on King Street in Littleton, MA, 25 miles northwest of Boston, the neighborhood includes 26 one- and two-bedroom homes across five distinct buildings.
Challenges for the construction team included providing structural reinforcement to stabilize the historic Common House — which serves as a community center — during excavation for the surrounding new buildings, maintaining strict erosion control measures to protect the wetlands from runoff and simultaneously constructing five unique separate buildings.
“Hager Homestead challenged us to blend 18th-century architecture with 21st-century construction methods,” said Benjamin Goldfarb, VP of Nauset Construction. “From preserving historic façades to managing multiple concurrent builds, the project demanded innovative solutions at every phase – while delivering a community that reflects the evolving preferences of today’s active older adults.”
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
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