Holtzer Park Update 01/02/19

Jamaica Plain Redevelopment Secures $66.91 Million in Financing

The project at 125 Amory Street in Jamaica Plain has secured $66.91 million in financing with a large portion ($45.21 million) provided by Eastern Bank.

The approved renovation would consist of the existing 199-unit Amory Street affordable senior housing building, located on six acres steps from Egleston Square, and construction of approximately 353 mixed-income apartments across three new five-to-six-story buildings on site. Up to ten new affordable senior apartments would be added within the existing Amory Street Apartments. 135 apartments in the new buildings would be designated affordable, with the remaining 218 apartments offered at market rate.

 

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