Project Progress: Project Approved


About 59 Fountain Street

Framingham, MA

Approved $72MM conversion and expansion of an existing historic mill building built in 1905 into 258 loft-style studio, one- and two-bedroom apartment residences. The project will entail renovating the mill into 160 residences, and constructing a new six-story building featuring 98 residences and a 224-space parking garage. 34 additional surface parking spaces will be located on site, for a total of 258 spaces. 26 residences at 59 Fountain Street will be designated affordable.

Amenities at 59 Fountain Street will include a rooftop garden and function space, a pool terrace, common areas, a fitness center, workspace, and bicycle storage. 59 Fountain Street overlooks Farm Pond and is located minutes from the Framingham MBTA commuter rail station, Downtown Framingham, Routes 9 and 30 and the Massachusetts Turnpike.

 

Construction Cost $72,700,000.00
Sector

Housing

Stories 6
Height (feet) 70
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Feb 14, 2018

258 Downtown Framingham apartments move forward as developers acquire property and financing

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