A certificate of occupancy has been issued for Allston development, Penniman on the Park. The property features a new-construction residential building with 36 condominium residences located steps to Allston's Union Square and the Boston Landing development.
Residences are approximately 1,000 square feet in size with starting prices of approximately $500,000; Penniman on the Park includes four penthouse residences. Six residences are designated affordable.
Building Permit Issued for South Boston Residential Building
A building permit has been issued for an upcoming residential building at 545 East Third St in South Boston.
The project will combine two lots into one lot and erect a new 18-unit residential building, including two affordable units. Resident amenities will include a gym and indoor garage parking on the first floor for 26 cars.
The highly anticipated Allston project, Penniman on the Park has officially sold out. Set to open this fall (2018), the new-construction residential building featuring 36 condominium residences is located steps to Allston's Union Square and the Boston Landing development.
Residences will be approximately 1,000 square feet in size with starting prices of approximately $500,000; Penniman on the Park will include four penthouse residences. Six residences will be designated affordable.
Lynnfield based, KEMS Corporation has successfully remortgaged their property at 95 Fawcett Street in Cambridge for $18.86 million via MountainOne Bank.
The existing property is a 20,523 square foot parcel on which stands a 20,150 square foot warehouse. Atmark Cambridge, a newly-constructed apartment development, is located just across Fawcett Street and sits in the highly active Alewife Station, Cambridge neighborhood.
KEMS Corporation completes 170 West Broadway luxury residences, now on sale in South Boston
KEMS Corporation has completed installation of high-end finishes throughout 170 West Broadway's facade and 33 one- and two-bedroom luxury condominium residences, a few of which remain for sale, and the building is now ready to welcome its’ first residents. The building’s 5,000-square-foot ground-floor retail space, which is available for lease, is now fully glassed in.
Located in the heart of South Boston steps from the South End, the Seaport District and Downtown Boston, 170 West Broadway's exclusive, new-construction residences feature amenities including top-grade appliances, hardwood floors, high ceilings, an intercom service and secure garage parking on site. Eight penthouse residences at 170 West Broadway feature private rooftop decks.
Please click Contact Broker above, or email firstname.lastname@example.org, for more information about available residences and retail space at 170 West Broadway. The following are photographs of 170 West Broadway:
Pre-sales begin at Penniman on the Park luxury condos in Allston, new renderings revealed
Penniman on the Park, a new-construction condominium building in Allston featuring 36 high-end residences, will begin pre-sales next week starting at $500,000. Located steps from the new Boston Landing MBTA commuter rail station, Penniman on the Park will feature garage parking, elevator access and a gorgeous finish palette featuring wood flooring and designer-level kitchen, bath and lighting finishes such as custom cabinetry, quartz countertops and high-end Jenn Air appliances. Penniman on the Park is expected to open in Fall 2018. The latest renderings of Penniman on the Park are posted above.
Interior finishing nearing completion at 170 West Broadway luxury residences, now on sale in South Boston
Installation of high-end finishes throughout 170 West Broadway's 33 one- and two-bedroom luxury condominium residences, located in the heart of South Boston steps from the South End, the Seaport District and Downtown Boston, is nearing completion ahead of the premier, professionally-managed building's opening this Fall. 170 West Broadway's exclusive, newly built residences will feature top-grade appliances, hardwood floors, high ceilings, intercom service and the latest luxury finishes. Eight penthouses at 170 West Broadway will feature private rooftop decks. Secure garage parking will be located on site.
170 West Broadway condominium residences are now available for sale, with the unprecedented opportunity to customize finishes. Ground-floor retail space at 170 West Broadway is also available for lease. Click Contact Broker above for more information about available residences and retail space at 170 West Broadway. The following are photographs of 170 West Broadway:
Steel frame tops off at Penniman On The Park luxury condos in Allston
Penniman On The Park's six-story steel frame has topped off, and weatherproofing of the building's facade is well underway. Wooden exterior panels have been fitted along nearly the entire facade, and moisture-resistant cladding has been affixed to over half of the building. In the coming months, installation of windows and exterior finishes will take place. Inside Penniman on the Park, sections of metal stud framing have been erected in order to partition individual residences. Opening in Fall 2018, Penniman on the Park will feature 36 luxurious condominium residences, including four penthouses with private outdoor terraces. The following are photographs of Penniman on the Park:
BLDUP’s Building of the Week: 170 West Broadway luxury condominiums in South Boston
Opening this Fall in South Boston, 170 West Broadway will feature 33 luxurious condominium residences now on sale in addition to 5,170 square feet of ground-floor retail space now leasing. The following is a video exhibiting 170 West Broadway and its’ multiple desirable amenities:
Finishing touches underway at 170 West Broadway luxury condominiums, now on sale in South Boston
Brick finishes and windows have been fully installed along the facade of 170 West Broadway, a luxurious new residential building in South Boston featuring 33 distinctive one- and two-bedroom condominium residences now on sale. Inside the professionally-managed, state-of-the-art building built by KEMS Corporation, finishing touches to residences and common amenity spaces are nearing completion. Residences will feature modern amenities, top-grade appliances, high ceilings and the latest luxury finishes, in addition to secure garage parking. Eight penthouses at 170 West Broadway will feature private rooftop decks.
170 West Broadway condominium residences are now available for sale, with the unprecedented opportunity to customize finishes. Ground-floor retail space at 170 West Broadway is available for lease as well. Click Contact Broker above for more information about available residences and retail space at 170 West Broadway; the building is expected to open this Fall. 170 West Broadway is located steps to the Broadway MBTA Red Line station, surrounded by desirable restaurants and shops. The Seaport District, the South End and Downtown Boston are all located a short walk away. The following are photographs of 170 West Broadway:
Penniman On The Park condos in Allston near topping off
The steel frame of Penniman on the Park, an upcoming 36-unit luxury condominium building in Allston, has reached five stories high and will soon top off at six stories. The building’s concrete elevator core has topped off. Erection of vertical metal framing has begun on lower floors to partition Penniman on the Park’s individual units. Penniman on the Park is expected to open in Fall 2018. The following are photographs of Penniman on the Park:
Exterior finish installation underway at 170 West Broadway luxury condominiums in South Boston
Installation of brickwork and finish panels is well underway at 170 West Broadway, with a full brick wall installed along the building’s west side. Bricks and finish panels are now being installed along the building’s front facade facing West Broadway. Windows have been fully installed at 170 West Broadway, and interior finishing of the building’s 33 luxury condominium residences is also underway. 170 West Broadway is expected to open in Spring 2017. The following are photographs of 170 West Broadway:
Facade work underway at South Boston's 170 West Broadway condos
Window installation is nearing completion, and exterior finish work is well underway at the new 170 West Broadway condominium and retail building in South Boston. Rigid insulation panels have been installed around the building's exterior in anticipation of installation of exterior finishes. Interior finishing work is also underway on 170 West Broadway's 33 luxury condominiums. Opening Spring 2017, pre-sales of 170 West Broadway condominiums are now underway. The following are photographs of 170 West Broadway:
BPDA approves 545 East Third Street, 18 new South Boston condos, for construction
At last night's board meeting, the Boston Planning & Development Agency (BPDA) approved 545 East Third Street for construction. Located in South Boston by the corner of East Third and K Streets steps to East Broadway, the $8.5 million 545 East Third Street will be a new tiered five-story residential building containing 18 condominiums, including two affordable units. 545 East Third Street will now go before the Zoning Board of Appeals (ZBA) for review. Construction of 545 East Third Street could commence in the fourth quarter of 2016.
New developer building 36 Allston condominiums approved in 2011
Penniman on the Park, a 36-unit Allston condominium building approved in 2011, is moving forward with a new development team comprised of Jumbo Capital Management of Quincy and investor Brad Spencer. The new development team secured a $12 million mortgage for 20 Penniman Road on August 19th, 2016 through East Boston Savings Bank; the project cost was pegged at $7.2 million upon approval in 2011. A building permit valued at $8.604 million was issued by the City of Boston on August 22nd, 2016 to general contractor Groom Construction to construct the 42,190 square foot Penniman on the Park.
The new development team also entered a lease on August 19th, 2016 for 14 parking spaces in an adjacent parking lot that will take effect upon the City of Boston's issuance of a Certificate of Occupancy for Penniman on the Park. An easement was also granted to the team by the owners of the adjacent lot; Penniman on the Park's underground parking garage will be accessed through the easement. At this time, a deed has not been recorded transferring ownership of Penniman on the Park to the new development team; this page will be updated with additional information as it becomes available.
In an interview with Banker and Tradesman, Spencer claims that the nearby Boston Landing development and associated MBTA commuter rail station due to open next year were key factors in the new development team's decision to invest in the Allston neighborhood. “The new commuter rail station is definitely the main impetus for us to pursue something there," said Spencer. "We see that area looking totally different in three to five years than it does today." A 93,000 square foot mixed-use building containing 80 rental residential apartments, a 562 square foot ground-floor retail space and a 1,715 square foot startup incubator space is currently under construction across from the Penniman on the Park project site at 61-83 Braintree Street.
Spencer also explained that the approved Penniman on the Park project will be revised to include all-steel construction as well as higher quality finishes than originally planned. Condominiums will be approximately 1,000 square feet in size with starting prices of approximately $650,000. Construction of Penniman on the Park will last approximately 14 months.
22 new residential condominiums proposed in South Boston
Local developer Cedarwood Development has filed a Small Project Review Application (SPRA) with the Boston Redevelopment Authority to construct a new 22-unit residential condominium building at 545 East Third Street in South Boston. Construction of the $8.5 million project could commence in the fourth quarter of 2016. 545 East Third Street, a 10,070 square foot parcel, is located by the corner of East Third and K streets steps to East Broadway. The tiered five-story building would include 19 market-rate units and three affordable units. Residential units would be located on floors two through five, with a 22-car parking garage on the ground floor.
95 Fawcett Street, 44 transit-oriented Alewife condominiums, approved for construction
The Cambridge Planning Board has approved a residential building at 95 Fawcett Street for construction. Developed by KEMS Corporation, who is also building 170 West Broadway and Collins Mansion Condominiums in South Boston, the building will feature 44 condominiums located convenient to the Alewife rapid transit station. 44 resident parking spaces will be constructed on site, down from previously proposed 48 spaces.
95 Fawcett Street will be a transit-oriented development project. Discounted public transit passes will be available to residents along with private shuttle service to Alewife Station. The developer will contribute $25,000 to the City of Cambridge towards planning for an Alewife bicycle and pedestrian bridge and commuter rail station. The developer will also contribute $25,000 to the City of Cambridge towards a Hubway station for the area. An on-site bicycle storage facility with 60 long-term bicycle spaces and eight short-term bicycle spaces will be constructed at 95 Fawcett Street with air pumps, automatic power assist doors and bicycle maintenance tools.
The following is a link to the Cambridge Planning Board's Notice of Decision for 95 Fawcett Street. More information about 95 Fawcett Street is posted below.
The Boston Redevelopment Authority approved 4945 Washington Street for construction at last night's board meeting. Located in West Roxbury, 4945 Washington Street will contain 46 rental residential units.
A rendering of 4945 Washington Street is posted above. More information about 4945 Washington Street is posted below.
95 Fawcett Street sold to developer KEMS Corporation for $4.65 million
95 Fawcett Street was sold Wednesday to 95 Fawcett Street LLC, a limited liability company registered to Edward Doherty, President of residential developer KEMS Corporation. Sale price was $4,650,000 as recorded in the Middlesex South Registry of Deeds. Seller was 87-89 Fawcett Street LLC, a limited liability company registered to Peter Givertzman, President of furniture company Oriental Unlimited Inc. Oriental Unlimited Inc. has been based at the existing warehouse at 95 Fawcett Street and currently operates at adjacent 68 Moulton Street in Cambridge. 87-89 Fawcett Street LLC bought 95 Fawcett Street in October 2008 for $1,644,000.
95 Fawcett Street is a 20,523 square foot parcel on which stands a 20,150 square foot warehouse. The parcel is located directly across Fawcett Street from Atmark Cambridge, a newly-constructed apartment development.
The following is the deed for the sale of 95 Fawcett Street:
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