KEMS Corporation is a boutique Boston-area premier real estate development firm. Since 2009 they have been a leader in top-tier residential living, including both private homes and multi-family projects.
Feb 24, 2020
30 Unit Condo Project Under Review at 515 East 2nd St in South Boston
Kems Corp has filed a small project application for a multi-family development at 515-519 East Second Street in South Boston. The condo building would include 30 units along with parking for 35 cars. The site is currently home to an auto repair shop.
Feb 16, 2020
Core in Place & Framing Underway at 95 Fawcett St
The concrete core is in place and steel framing has kicked off for 95 Fawcett Street in Cambridge. The upcoming 5-story building will feature 44 units just a few minutes from Alewife Station. The building will also include 48 vehicle parking spaces and 60 bicycle spaces.
Jan 06, 2020
Somerville Development Site Mortgaged for $21 Million
The development site at 845 McGrath Highway in Somverille, MA has been mortaged by KEMS for $21 million via MountainOne Bank.
The proposed project will consist of two buildings located at the intersection of Middlesex Avenue and McGrath Highway at the edge of Somerville’s Assembly Row development containing residential, hotel and retail use. A 13-story building would contain a 180-room hotel, and a 21-story building would contain 215 apartment residences.
Dec 30, 2019
Cambridge Property Refinanced for 8.229 Million
The property at 12 Arnold Circle in Cambridge, MA has been refinanced by KEMS via North Shore Bank for $8.229 million. This senior construction loan was arranged by FinanceBoston. The property features a four-story apartment building at the end of a cul-de-sac off Massachusetts Ave, three blocks from City Hall. The 12-unit 11,944 square foot building has been unoccupied since at least 2012. The plans for the new project call to gut the structure and begin building 12 new luxury condominiums to replace what the city had called a dangerously dilapidated structure.
“The financing was completed with a local bank who saw the vast potential for the site and who was well aligned with my client’s vision for the rehabilitation of this property, “ said Doug Landry, Principal at Boston-based FinanceBoston. “I expect the sell-out to go very quickly for this one-of-a-kind location.”
FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom capital solutions for acquisitions, developments and refinances. Founded in 2004, FinanceBoston has earned a loyal client base that continually relies on the firm’s creative capital advisory solutions for both debt and equity needs.
Dec 19, 2019
95 Fawcett St. in Cambridge Refinanced for $18.93M
FinanceBoston has arranged senior cash-out financing, secured by a 44-unit condo property located in the Alewife neighborhood of Cambridge. The development, 95 Fawcett Street, is located steps from the Alewife MBTA Station. The convenient location of this project is part of an exciting mixed-use area that will soon benefit from a major influx of lab and office tenants.
“This closing was completed by arranging a financing structure which involved a syndication between two local banks, “ said Doug Landry, Principal at Boston-based FinanceBoston. “This project should go up quickly and greatly enhance the neighborhood for years to come."
FinanceBoston, a real estate capital advisory firm, provides real estate operators & developers with custom capital solutions for acquisitions, developments and refinances. Founded in 2004, FinanceBoston has earned a loyal client base that continuously relies on the firm’s creative capital advisory solutions for both debt and equity needs.
Nov 14, 2019
Certificate of Occupancy Issued for 545 East Third St. in South Boston
A certificate of occupancy has been issued for the 18 unit condo project at 545 East Third Street in Southie. These luxury homes feature chef's kitchens, GE Cafe Designer Appliances, crown molding, and quartz countertops. The project also includes garage parking for 22 cars plus a fitness center.
Jun 19, 2019
Construction Wrapping up at 545 East Third in South Boston: Expected Occupancy in July
Final interior finishing is wrapping up for the 18 luxury condos at 545 East Third Street in South Boston as the development team expects to have the project completed in July. The condos feature custom chef's kitchens, GE Cafe Designer Appliances, crown molding, and quartz countertops. Many units also have private outdoor space. Resident amenities including garage parking for 22 cars along with a fitness center.
May 28, 2019
Interior Finishing Underway for 545 East Third St. in Southie
Interior finishing is underway for the 18 condos coming to 545 East Third Street in South Boston. The project also includes parking for 22 cars along with a fitness center for residents. Residences feature private outdoor spaces and chefs kitchens. Construction is expected to be complete in July.
Mar 04, 2019
Facade Install Nearly Complete at 545 East Third in South Boston
Facade install is nearly complete at 545 East Third Street in South Boston. The project will feature 18 new condos, a mix of 1, 2, and 3 bedrooms. Resident amenities will include a gym and indoor garage parking for 22 cars. This new building is located just a block from bustling East Broadway.
Dec 11, 2018
Exterior Work Ongoing for 545 East Third
Window install is nearly complete and exterior work is ongoing for the new 18 unit condo building in South Boston. The project will feature a mix of one and two bedroom homes with parking for 22 cars. Residents will also have access to a fitness center.
May 30, 2018
Building Permit Issued for South Boston Residential BuildingA 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.
Apr 24, 2018
KEMS Corporation Remortgages Cambridge ParcelLynnfield 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.
No new thoughts. Inquire about becoming a thought leader by clicking