$125 Million in Financing Secured for Lenox Apartments Redevelopment

Beacon Communities and the Boston Housing Authority announced the closing of nearly $125 million in financing from Bank of America for the redevelopment of Roxbury's Lenox Apartments. 

"Lenox was built more than eight decades ago as a promise and an investment in Boston's communities here in Roxbury," said Mayor Marty Walsh. "This project, and the work we've recently finished at nearby Camden, are investments in the lives and futures of Lenox families, and I'm proud of the work to improve the homes and lives of so many."

"Beacon is proud of our long partnership with the Boston Housing Authority and is thrilled to be moving forward with the Lenox Apartments renovation," said Dara Kovel, CEO of Beacon Communities. "Together with the recently completed Camden Apartments complex, these efforts will significantly improve living conditions for close to 400 families in Boston."

Beacon Communities Services won approval for the preservation and rehabilitation of the Boston Housing Authority’s Lenox Apartments housing development located at 136 Lenox Street in Lower Roxbury. The Lenox Apartments complex is comprised of 285 units across 12 three-story walk-up buildings, originally built in 1939. 

Lenox will undergo extensive renovations that preserve and honor the historic character of the community. Beacon Communities is working closely with The Architectural Team and D.F. Pray to modernize the apartments to today's standards of convenience and livability, while guaranteeing the continuation of long-term affordability for current and future generations of low-income Bostonians from all walks of life.

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