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Totals

Total Square Footage 277,627
Total Dollar Volume $35,639,600.00

General

Established 2002

Description

Acorn Holdings LLC is an investment and development company focused on urban, transit oriented, multi-family housing in the metropolitan Boston marketplace. Our current project pipeline includes many high-profile, strategically located sites. Acorn's current portfolio includes 3 self-managed apartment buildings in Cambridge comprising over 150 leased units. Current development portfolio includes 250 additional units in 4 projects, expected to come on-line in next 3 years. Our senior management team represents over 50 years of combined experience in the financing and development of complex, urban mixed-use projects in high-value, high barrier-to-entry markets.

Updates

Acorn Holdings
- Apr 08, 2019

Framing Has Reached Full Height for Park 77 in Cambridge

Wood Framing is in place for Park 77 at 77 New Street in Cambridge. The project will feature a mix of one and two bedroom rental units, 97 in total. Resident amenities will include a roof deck, fitness center, and pet wash station. The building will also feature underground car and bike parking.

77 New street Park 77 Cambridge


Acorn Holdings
- Apr 08, 2019

Foundation Work Begins for St. James Place in Cambridge

Foundation work has started for the new addition to the St. James Church in Porter Square, Cambridge. The redevelopment will preserve the historic church and it's sanctuary while creating 46 new luxury apartments and around 2,000 square feet of retail space. Residences will feature granite countertops, fireplaces, and Juliet balconies.  A restored church garden will be free and open to residents and the community.

St James Cambridge april


Acorn Holdings
- Jan 02, 2019

Excavation Ongoing for Redevelopment of St. James Church in Porter Square

Crews are working on site excavation along Mass. Ave in Cambridge for the redevelopment of the historic St. James Church. Work is also underway to underpin the church as the sanctuary of the building will be preserved as part of the project. When complete St. James Place will feature 46 luxury apartments along with around 2,000 sf of retail space.  There will also be 64 parking spaces on-site.

St. James Place Porter Square

 


Acorn Holdings
- Dec 31, 2018

Framing Ongoing for Park 77

Framing is ongoing for Park 77, an upcoming 97 unit residential project along New Street in Cambridge. The 4-story project will feature a mix of 1 and 2 bedroom units along with garage parking. Park 77 is located next to Park 87, a recently completed project by the same development team. The buildings are located just minutes from Danehy Park, Cambridge's largest park.

Park 77


Nauset Construction
- Sep 27, 2018

Nauset Construction Breaks Ground on Long-Awaited St. James Place

Nauset Construction broke ground last Friday on St. James Place, a transit-oriented, mixed-use development that will provide 46 condominiums and a new parish hall for the historic St. James Episcopal Church located in the heart of Porter Square.

The official groundbreaking ceremony, hosted by developer/owner Acorn Holdings, was attended by the City of Cambridge Mayor Marc McGovern; Cambridge City Councilor Dennis Carlone; Bishop Alan M. Gates of the Episcopal Diocese of Massachusetts; The Reverend Holly Lyman Antolini; the Executive Director of the Cambridge Historical Commission Charles M. Sullivan; representatives from Nauset Construction, architectural firm Dumont, Janks, Goldberg, Reed and other key development personnel, as well as members of the congregation and community.

“This is really the type of project that we should be celebrating in our community,” said Mayor McGovern. “Not only is it bringing much needed housing to the community, it’s bringing the (historic) garden out to the street so that everyone can enjoy it. It’s also providing much-needed stability for this incredible congregation that means so much to the neighborhood and does so much to help those who are vulnerable. It really is a win all around.”

The construction of St. James Place was finally able to proceed following the dismissal of several time-consuming lawsuits, despite the partnership between the church and developer securing all the necessary permits from the Cambridge City Planning Board, the Cambridge City Historical Commission, and the MA Historical Commission, as well as an endorsement by the Smart Growth Alliance of Massachusetts. The new development will be constructed on the site of an abandoned car wash, long considered a neighborhood blight.

Designed by architectural firm Dumont, Janks, Goldberg, Reed LLC, St. James Place is located just steps from the MBTA Station, in the center of a bustling Porter Square neighborhood that features abundant shopping, dining and entertainment options. The project will link the historic St. James Episcopal Church to the new mixed-use complex that will add much needed condominium units and 2,000 SF of retail to housing-constrained Cambridge. The three floors of condominiums will include five affordable units and be constructed above the new 11,400 SF parish hall that will house classrooms for children’s programs, a library, a neighborhood food pantry, and music practice rooms. This new space will help enhance the resources that this historic church (built in 1888 and listed on the National Register of Historic Places) will be able to provide its congregation and the local community.

“The key elements of the St. James project really play to our strengths as a construction manager,” said Nauset Construction President Anthony Papantonis, whose firm is currently working on numerous projects in Cambridge. “The combination of a dense, urban infill site and a new, modern mixed-use community integrated with a historic church are all areas that Nauset excels in and has extensive experience.”

Site preparation on St. James Place is anticipated to begin this week.


Acorn Holdings
- Sep 20, 2018

Park 77 Refinanced for $27 Million

The Developers Abode Z + Acorn Holdings have refinanced their development at 75 New Street in Cambridge for $27 million via Digital Federal Credit Union.  The project is currently under construction with foundation work nearly complete. 

The four-level complex will house 97 1-2 bedroom units and an underground parking garage including 108 bicycle spaces. A roof deck will also be a part of the amenities here. This Phase II project calls for the reuse of the existing curb and sharing of the existing driveway of sister development Park 87.

Phil Terzis with Acron Holdings told BLDUP via email they expect the project to be completed in Fall 2019.


Acorn Holdings
- Aug 28, 2018

After Years of Delay Building Permit Issued for St. James Place Redevelopment

A building permit for the $14 million Porter Square project was issued earlier this month.  The proposal for the renovation and redevelopment of the St. James Church was originally submitted in 2009 and after years of hold ups the project is finally moving forward. Phil Terzis, VP of Project Planning, for Acorn Development told BLDUP he was very excited to finally get this project underway. 
Nauset Construction will be working on the project that will preserve the church sanctuary and build 46 new condo quality apartments and just over 2,000 sf of retail space on the site.  Construction start date is yet to be determined but is expected to take 18 months to complete.


Concord 605
- Oct 06, 2016

49 apartments with ground-floor retail proposed near Alewife Station


Developer Acorn Holdings has filed a Special Permit Application (SPA) with the City of Cambridge Planning Board to construct Concord 605, a six-story mixed-use building containing 49 residential rental apartments above 4,128 square feet of ground-floor commercial/retail space; the following is a link to the SPA. The Concord 605 site is conveniently located near the Alewife rapid transit station and the Fresh Pond Reservation. Concord 605 would be located next to 603 Concord at Fresh Pond, an existing mixed-use building developed, owned and managed by Acorn Holdings containing 61 residential rental apartments above 6,574 square feet of ground-floor commercial/retail space.


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