MHP Closes on $2.5M Permanent Loan for Walker Park Apartments
Continuing its history of supporting Urban Edge’s efforts to provide affordable housing for the residents of Dorchester, Roxbury, Jamaica Plain and Mattapan, the Massachusetts Housing Partnership (MHP) has just closed on a $2.5 million low-interest permanent loan for Walker Park Apartments.
Located at 67 and 80 Walnut Park and just north of Egleston Square, Walker Park features 49 new affordable apartments in two energy-efficient buildings built on lots previously occupied by single-family homes that were vacant. One building is next to a public park and another is next to a branch of a Boston Public Library.
Named after the late Delphine Walker, neighborhood activist and mother who raised her family at 80 Walnut Park, Walker Park Apartments consists of 13 one-, 28 two- and 8 three-bedroom apartments. Thirty-eight apartments are affordable to households below 60 percent of area median income and 11 are affordable to families earning under 30 percent of area median income. Five of these homes are set aside for families transitioning from homelessness. Six of these homes are set aside for people with disabilities.
MHP’s $2.5 million loan enabled Urban Edge to secure low-cost financing with a 16-year term and 30-year amortization at an annual fixed interest rate of 3.88 percent. This was done through what’s known as a direct bond placement in which tax-exempt bonds issued by MassDevelopment were purchased by Bank of America, with its proceeds converted to an MHP permanent loan upon completion of construction and leasing of apartments.
“During these uncertain times, we are proud to be able to provide Urban Edge with this low-cost financing so it can continue to provide affordable housing and services to the neighborhoods and people it has served so well for over five decades,” said Clark Ziegler, MHP’s executive director. “Strong community-based nonprofits like Urban Edge hold the city’s neighborhoods together and we’re proud to support them at a time when they are needed more than ever.”
Renovations Ongoing at 125 Amory Street
Work is ongoing for the full-scale renovation of the 199-unit senior housing building at 125 Amory Street in JP. Renovations will include improvements to all existing apartments within the 105-year-old building including new windows, new high-efficiency central heating and cooling, plus updated kitchens and bathroom. BHA administrative offices within the building will also be converted to 12 new affordable units.
65 Unit Affordable Housing Project Approved for 1599 Columbus Ave.
The proposed 65 unit affordable housing development at 1595-1599 Columbus Avenue has been approved by the BPDA. The 6-story building will also feature 4,000 square feet of non-residential space on the ground floor and parking for 21 cars at-grade. The unit mix will include 20 one-bedrooms, 36 two-bedrooms, and 9 three-bedrooms.
Demo Permit Application Filed for 1595-1599 Columbus Avenue
A demo permit application has been filed to remove the commercial structures at 1595-1599 Columbus Avenue. The demo would make way for a proposed six-story, approximately 80,000 square-foot mixed-use building. The new project would include 65 units of affordable rental apartments and 4,000 square feet of non-residential space on the ground floor. Plans also call for parking for 21 cars at-grade.
65 Unit Affordable Housing Development Under Review in JP
The proposed mixed-use project at 1595-1599 Columbus Avenue in JP is now under review. Plans call for the demolition of the existing buildings on the site and the construction of a new 6-story, approximately 80,000 square foot building. The project would include around 65 affordable apartments and 4,000 square feet of non-residential space on the ground floor. The ground-floor space is currently envisioned as a workspace for artists, office space to activate the streetscape.
Construction Complete for Walker Park Apartments in Roxbury
Construction is now complete for the Walker Park Apartments on Walnut Street in Roxbury. The two-building project features 49 affordable units, a mix of 1, 2, and 3 bedrooms. 34 parking spaces are located on-site.
LOI Filed for Mixed-Use Project at 1595-1599 Columbus Ave.
Urban Edge has filed an LOI that proposes to demo the existing buildings at 1595 - 1599 Columbus Ave. and replace them with a new 6-story mixed-use building. The new building would include around 65 affordable housing units and 4,000 square feet of ground-floor retail/commercial space. The development team expects to submit the full PNF in the coming weeks.
Building Permit Granted for 125 Armory Street in JP
A building permit has been granted for the upcoming renovation of 125 Armory Street in Jamaica Plain.
Approved renovation 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.
Construction Nearly Complete for Walker Park Apartments
Construction is nearly complete for the Walker Park Apartments on Walnut Park in Roxbury. This 2 building development will feature a total of 49 apartments, all of which are designated affordable. Units range in size from one to three bedrooms. Walker Park replaces a dilapidated building and two vacant lots with much needed-affordable housing.
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.
599 Housing units move forward in Jamaica Plain, including preservation of 199 income restricted unitsLive: 559 housing units, preservation of 199 affordable housing units, 145 new affordable housing units, transit orientedWork: 364 construction jobs, 15 permanent operations, management and maintenance staff jobsConnect: 260,000 square feet of site improvements, new pedestrian and bicycle path, central connecting green, play area, accessible connectionsSize: 320,000 square feetThe Boston Housing Authority (BHA) issued a request for proposals for the 125 Amory Street property in July 2015 in an effort to preserve the existing 199 units at 125 Amory Street, and provide new housing on the adjacent vacant land. The project, the result of a partnership between the Community Builders, Jamaica Plain Neighborhood Development Corporation (JPNDC), and Urban Edge, will preserve the 199 existing affordable units, and build 145 new affordable units and 215 market rate units.125 Amory Street is an approximately six acre site owned by the BHA. The renovation portion of the preservation of the existing Amory Street Apartments, including new windows, high-efficiency mechanical systems, accessibility improvements, reprogrammed and improved common spaces for 4 residents, facade repairs, and interior unit upgrades. Existing additions to the building will be demolished, and improvements will be made for parking and open space around the site. The building will include up to 209 units of affordable senior housing, including an additional ten units that will be constructed in areas currently used by the BHA, which will be relocated offsite. Common program spaces will be upgraded within the building, and residential parking will be re-organized with replacement spaces adjacent to the building.The project includes construction of three new residential buildings totaling approximately 308,950 square feet. Building A will be a six story building over parking with approximately 147 rental apartments, including approximately 37 apartments affordable to households earning up to 70 percent of the Area Median Income (AMI). Approximately 25 percent of the units will be two-bedroom or larger units sized for families. The building will include approximately 57 below grade parking spaces. Building B will be a six story building over parking with approximately 140 rental apartments, including approximately 35 apartments affordable to households earning up to 70 percent of the AMI. Approximately 25 percent of the units will be two-bedroom or larger units sized for families. The building will include approximately 58 below-grade parking spaces. Building C will be a four and five story building with approximately 62 affordable rental apartments, with approximately 76 percent sized for families. At least eight units will be set aside for residents earning under 30 percent of the AMI, with the remainder for residents up to 60 percent of the AMI.
Renderings revealed of 125 Amory Street mixed-income development in Jamaica Plain
The proponents of the $150 million 125 Amory Street mixed-income development in Jamaica Plain have revealed renderings of the project’s three proposed new-construction buildings, as well as a site plan for the overall project. The new-construction buildings are designed to relate to the materials of adjacent warehouse buildings, the existing housing complex on site which would be renovated and overall neighborhood scale. Renderings of the buildings show large scale windows and bays, with stepped volumes to resonate with neighboring two- and three-family homes. The overall 125 Amory Street site plan calls for a new linear park along the MBTA Orange Line, with new community spaces and roadways throughout the six-acre site.
125 Amory Street would construct a total of 353 new apartments, 135 of which would be designated affordable, across the three new buildings. The existing 199-unit complex on site would be fully renovated, and ten new affordable senior housing units would be constructed within. 125 Amory Street’s proponents anticipate to commence renovation of the existing building in the second quarter of 2018, and construction of the three new buildings by the end of 2018. The latest renderings of 125 Amory Street are posted above. The project is now undergoing design review by the Boston Planning & Development Agency (BPDA).