Nauset Construction and affordable housing nonprofit developer Preservation of Affordable Housing (POAH) recently broke ground for The Rose on Sixth Street. The project will convert the historic Sacred Heart church rectory and school at 49 Sixth St. in East Cambridge into 46 affordable apartment units, which will remain affordable in perpetuity.
“POAH looks forward to transforming this historic property into well-designed, high-quality, energy-efficient, and attractive apartments that will offer critical housing opportunities to residents who would otherwise not be able to afford to live in the City of Cambridge,” said POAH president/CEO Aaron Gornstein.
Designed by architectural firm DMS Design of Peabody, the adaptive reuse project addresses the critical need for housing in the region while preserving the architectural character of these historic structures. It will add to more than a dozen affordable projects Nauset has completed in Cambridge over the past decade.
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The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...
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Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...
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Brightshore Capital LP, formerly GTIS Partners, has acquired DŌMI, a newly constructed, 190-unit luxury multifamily property located at 29-24 40th Ave. in Long Island City, for slightly more than $143 million. The acquisition through Brightshore’s Opportunity Zone Fund II was financed with a $98.5-million loan from Affinius Capital. The seller was a joint venture of...
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Central CA Commercial | California
Recckio Real Estate & Development
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