Project Progress: Acquired by Proponent

  • Chestnut park apartments 10 chestnut street springfield ma
Architects The Architectural Team
Developers Related Beal

About Chestnut Park Apartments

10 Chestnut Street, Springfield, MA

The Chestnut Park Apartments were built in the 1970s under the HUD 236 financing program. The development includes a 33-story tower with a connected four-level parking garage, an 18-story building, a nine-story building and a five-story building with a connected two-level parking garage. The property also includes 19,000 square feet of commercial space. The Chestnut Park Apartments are within walking distance to the MassMutual Center and MGM Springfield Casino and near Springfield’s Innovation, Downtown Business and Museum districts.

Chestnut Park features 207 one-bedroom apartments, 264 two-bedroom apartments, and 18 three-bedroom apartments.

Among the renovations planned for Chestnut Park are unit, streetscape, building envelope and systems upgrades, including the replacement of HVAC systems, windows, and elevators. Related Companies also plans to make improvements to communal spaces and building amenities. The modernization project will bring 25 units up to ADA standards for mobility impaired households and 10 units for hearing-impaired households.

Construction Cost $12,000,000.00
Acquisition Cost $12,000,000.00
Square Feet 447,199
Sector

Affordable Housing

Stories 33
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Chestnut park apartments 10 chestnut street springfield ma

Jan 17, 2019

MassHousing has provided $50 million in financing for the renovation of Chestnut Park Apartments in...

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