The approved mixed-use development at 500 Talbot Avenue in Dorchester has been refinanced for $2.4M. The project, just steps from Ashmont Station, is set to feature 40 residential units along with 3,000 square feet of retail space and a 1,815-square-foot space allocated for the existing church on site.
Financing for the project was arranged by FinanceBoston a Boston based real estate capital advisory firm. “This closing was completed by providing high leverage financing for our client, allowing for minimal cash equity from the developer, “ said Doug Landry, Principal at FinanceBoston. “We are looking forward to obtaining the permits and assisting with the ultimate vertical construction of the asset next year."
A building permit has been issued for the upcoming mixed-use project at 500 Talbot Avenue in Dorchester. The development will include 40 residential units along with 3,000 square feet of ground-floor space. The project also includes an additional 1,800 square feet of space for the church currently on the project site. 500 Talbot Avenue is located a short walk to the MBTA Red Line and multiple buses at Ashmont Station.
BPDA Approves 500 Talbot Avenue Project in Dorchester
BPDA has approved the 40-unit project just steps from Peabody Square on Talbot Avenue in Dorchester. On the building's ground floor will be a 3,000 square-foot retail space with an attached front deck, in addition to a 1,815-square-foot space allocated for the existing church on site. There will also be parking for 23 cars below grade.
Small Project Application Filed for 500 Talbot Avenue in Dorchester
Official plans have been filed with the city for the new development at 500 Talbot Avenue. The plans call for a four-story, 49,5000 sf mixed-use building. The development will revitalize an unused church and create 40 residential units along with 1,815 sf of interior church space, as well as 3,000sf of retail space. The site is located just a few blocks from the Ashmont MBTA station.
40 residences proposed steps from Ashmont Station in Dorchester
Developer James Baker proposes to develop a five-story mixed-use building steps from Ashmont Station in Dorchester featuring 40 residences. Baker has not yet decided whether to offer residences as apartments or condominiums; plans for the building have not yet been filed with the Boston Planning & Development Agency (BPDA). 1,956 square feet of retail would be located along the building's ground floor, in addition to 1,865 square feet allocated for the existing church on site. Baker recently filed plans with the Boston Planning & Development Agency (BPDA) proposing to develop a 23,957-square-foot commercial and residential development at 110 Savin Hill Avenue in Dorchester, across from the Savin Hill MBTA Red Line station.
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