The Residences at Fairmount Station Update 07/24/17

Residences at Fairmount Station developers obtain construction financing


Southwest Boston Community Development Corporation and Traggorth Companies, developers of the 27-unit Residences at Fairmount Station mixed-income transit-oriented development in Hyde Park, have obtained over $11 million of construction financing for the project, allowing the project to proceed. Webster Bank provided $6,747,000, and the State of Massachusetts provided $4,366,210 for a total of $11,113,210 in financing. Completion of The Residences at Fairmount Station, located adjacent to the Fairmount MBTA commuter rail station in Hyde Park, is expected in 2018.

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