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123-125 Centre Street Update 03/18/20

Permit Issued for 9 Unit Project at 123-125 Centre St. in Dorchester

A permit valued at $1.8M was pulled on 3/16 for construction of a residential project at 123-125 Centre Street in Dorchester. The nine-unit project will also include 11 parking spaces and is located just a few blocks from the Shawmut Redline MBTA station.
Late last month FinanceBoston arranged a $4.5 million construction loan for the ground-up development which will feature 7 large townhomes and 2 apartment flats. “The financing was completed with competitive terms from a local bank who saw my client’s vision for the property“ said Brian Rooney, Associate at FinanceBoston. “In Dorchester there’s a shortage of new construction rental apartments outside of the high cost/high amenity buildings. I expect the lease-up to go very quickly for this location, and look forward to working with this team again in the future.”

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