3521-3529 Washington Street Update 09/11/17

New Boston Ventures acquires site of approved Jamaica Plain luxury condominium development


New Boston Ventures has closed on the acquisition of the future site of its’ 44-unit Burnett Street luxury condominium development in Jamaica Plain, allowing construction of the project to proceed. The proponent acquired the 0.7-acre site for $850,000 with all necessary development approvals. Hingham Institution for Savings provided $550,000 of mortgage financing towards New Boston's acquisition.


The Burnett Street condominium development is a component of the approved 313,050-square-foot 3521-3529 Washington Street mixed-use development, which was proposed by New Boston along with SSG Development. As part of the development, SSG will construct a four-story, 132,000-square-foot self-storage facility along McBride Street. A five-story mixed-use building featuring 88 residential units and 25,000 square feet of ground-floor retail at the corner of McBride and Washington Streets is also approved for construction; New Boston and SSG have listed this component of the approved development for sale through Colliers International.

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