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Totals

Total Square Footage 163,000
Total Dollar Volume $6,500,000.00

General

Established 2018

Real estate development entity managed by John Matteson and Yue Li.

Updates

40 Mount Hood Road
- Aug 17, 2018

Hotel to Residential Conversion Approved in Brighton The 40 Mount Road project will transform an existing hotel into 151 homeownership residential units. The project will be a mix of studios, one, two and three-bedroom residential units, and is located in proximity to the B Branch of the MBTA Green Line. The public realm surrounding the project will be improved with approximately 10,000 square feet of landscaped space lining the property on both Mount Hood and Egremont Roads, creating an active edge along a corridor that connects the residential neighborhood to Commonwealth Avenue. The area will be enhanced for pedestrians with new street furniture, trees, plantings, lighting and path patterning. 40 Mount Hood Road exceeds the required IDP and will have 16 percent of units as income-restricted. This means 24 of the total units will be income-restricted, of which 10 will be made affordable to households earning no more than 80 percent AMI.Included in the project is a robust transportation mitigation package, consisting of $75,000 toward the Allston-Brighton Mobility Study, $20/month per unit for five years for a shuttle service, MBTA, or other transit measure deemed appropriate by BPDA, and the installation of a Blue Bike Station on the project site or in close proximity. The developer will also contribute $75,000 toward public realm improvements along Commonwealth Avenue, including necessary upgrades to the pedestrian signals and accessible ramps at the Commonwealth Avenue and Mount Hood Road intersection. In addition, the developer will contribute $25,000 to the City of Boston's Parks and Recreation. 


40 Mount Hood Road
- Mar 04, 2018

178 residences proposed at site of Brighton motel A newly proposed development would replace the existing Hotel Boston motel at 40 Mount Hood Road in Brighton with 178 residences. The proposed five-to-seven-story building, which would be located just off of Commonwealth Avenue steps from the MBTA Green Line, would contain 64 apartments and 114 condominiums. Amenities would include lounges, fitness space and an outdoor courtyard with a pool. 142 garage parking spaces would be located on site, including 114 for condominiums and 28 for apartments. Construction of the 40 Mount Hood Road development is expected to start in Spring 2019 and last approximately 24 months. Proponent 1650 Commonwealth LLC has filed plans for 40 Mount Hood Road with the City of Boston, who is now reviewing the proposed development.


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Projects

40 Mount Hood Road