Chelsea Infill and Small Developments

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MassDevelopment Provides $24.5M in Bond Financing for Metro Boston Affordable Housing Project​

April 15, 2024
“CHELSEA, MASS. — MassDevelopment has provided $24.5 million in tax-exempt bond financing for a 66-unit affordable housing project that will be located just south of Boston in Chelsea. The building at 170 Cottage St. will ultimately house 11 three-bedroom units, 43 two-bedroom apartments and 12 one-bedroom residences. Units will be reserved for households earning up to 30, 50 or 60 percent or the area median income. The development will also include onsite parking and 15,000 square feet of open green space. A subsidiary of Eastern Bank purchased the bond, and the project is also being funded by $19.7 million in federal tax credits. The developer is nonprofit agency The Community Builders.”

https://rebusinessonline.com/massde...-for-metro-boston-affordable-housing-project/

http://www.davissquarearchitects.com/projects/170-cottage-st

 

[TomOfBoston]

"...affordable housing project that will be located just south of Boston in Chelsea"

Chelsea is north of Boston. Who hires these writers?

 

[stick n move]

25 sixth st u/c

“Located near the heart of downtown Chelsea, 25 Sixth Street is a 62-unit, transit-oriented project for The Neighborhood Developers that will be built on a previously developed site adjacent to the newly constructed MBTA Silver Line station near Bellingham Square. Residents will also have easy access to Route 1, the Newburyport/ Rockport Commuter Rail, and local buses. The project will provide 56 one, two, and three bedroom rental apartments from 30-100% AMI, which will be dedicated to meeting the housing needs of current Chelsea residents and workers. Additionally, the project will include six owner-occupied, two-story, condominiums at 80-120% AMI, each with a distinct entrance along Sixth St.…”

https://www.utiledesign.com/work/25-sixth-street/

 

[stick n move]

MassHousing Announces $9.9 Million in CommonWealth Builder Funding to Create 28 New Homeownership Opportunities for Moderate-Income, First-Time Homebuyers in Chelsea​

“MassHousing has provided $9.9 million in CommonWealth Builder financing for the development of 440 Broadway in Chelsea, which will offer 28 new condominiums for purchase by moderate-income, first-time homebuyers.

Causeway Development LLC will redevelop a parcel formerly owned by the city containing a vacant retail building in the city’s Bellingham Square into a five-story building with 14 condominium units for sale to homebuyers earning up to 80 percent of the Area Median Income (AMI) and 14 units for sale to homebuyers earning up to 100 percent of AMI………”

https://www.bldup.com/posts/masshou...erate-income-first-time-homebuyers-in-chelsea

 

[scorpio02150]

Former Pollo Campero site at 115 Park Street.

120 units (18 affordable) and up-to-7 commercial spaces on the ground level with a total of 50 parking spaces was presented to the Chelsea ZBA last night

 

[stick n move]

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[Banker & Tradesman]

Former Pollo Campero site at 115 Park Street.

120 units (18 affordable) and up-to-7 commercial spaces on the ground level with a total of 50 parking spaces was presented to the Chelsea ZBA last night

We got the filings and wrote up a quick brief on the project this morning:

120 Units Eyed for Chelsea Fast Food Parcel

A local developer is seeking city approval for a mixed-use building in downtown Chelsea to replace a burned-down fast food restaurant.

bankerandtradesman.com

According to documents filed with the city, the building will be dominated by small one-bedroom units – 95 in total – averaging around 450 square feet. The remainder of the unit mix will be 15 two-bedroom and 10 three-bedroom units, and 18 of the 120 units in the building will be set aside as affordable housing.

No amenities are be included in the design other than a roofdeck and a ground-floor playground in the building's rear intended to meet city open space requirements. Fifty enclosed parking spaces for renters, retail tenants and retail customers will be included in an above-ground garage built into the building's podium, and will be leased separately from the rental units.

City zoning says 221 spaces would otherwise be required. Building is being reviewed this month and next by the city Planning Board and ZBA.

 

[Smuttynose]

221 parking spaces for this is insanity. It's going right Downtown (see red dot). It's a great largely intact urban neighborhood. Chelsea could use better transit connections, but they've improved significantly in recent years with SL3 and the new commuter rail station.

 

[stick n move]

MassHousing Closes on $10.6M in Affordable Housing Financing for the Transit-Oriented Development of 62 New, Mixed-Income Apartments in Chelsea​

“MassHousing has closed on $10.6 million in affordable housing financing to Arx Urban and Boston Communities for the construction of 62 mixed-income, transit-oriented apartment homes on Chelsea's main commercial corridor.

375 Broadway involves the development of a new 43-unit six-story building along with the moderate rehabilitation of an existing 19-unit building at Broadway and Fourth Street. The new transit-oriented affordable housing community will be near the city's MBTA Commuter Rail station and five major bus routes……..”

https://www.bldup.com/posts/masshou...-of-62-new-mixed-income-apartments-in-chelsea

 

[scorpio02150]

MA Superior Court Votes to Approve Sale of Forbes Site to Mass Audubon, GreenRoots and The Neighborhood Developers!!

After many years of fighting to secure the Forbes Site and transform it from a blight into a community asset, our dream of making that possible is coming to fruition! MA Superior Court delivered a ruling allowing the independent Forbes Site Receiver to sell the property to Mass Audubon in partnership with GreenRoots and The Neighborhood Developers! This is a milestone decision for our partnership and the Chelsea community!

Over the course of the next few months, our partnership will conduct extensive due diligence while engaging the residents of Chelsea about the future of the site. Much more information will be forthcoming. In the meantime, we must celebrate this significant milestone for our community, our environment and for GreenRoots, The Neighborhood Developers, and Mass Audubon!

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[stick n move]

Construction Begins for Chelsea Multifamily​

“A $3,905,000 loan has been closed through Mass Housing Investment Corp. for the upcoming project at 150 Williams Street in Chelsea. Construction on the 20-unit affordable condo project kicked off last week. Designed by Vanko Studio Architects, the two-story building will feature an inner courtyard and 20 parking spaces.”

https://www.bldup.com/posts/construction-begins-for-chelsea-multifamily

 

[scorpio02150]

Almost 2 weeks ago, lone building was marked and soon after a fence was put in

 

[scorpio02150]

Fourth street & Broadway project

 

[scorpio02150]

221 parking spaces for this is insanity. It's going right Downtown (see red dot). It's a great largely intact urban neighborhood. Chelsea could use better transit connections, but they've improved significantly in recent years with SL3 and the new commuter rail stati

221 parking spaces for this is insanity. It's going right Downtown (see red dot). It's a great largely intact urban neighborhood. Chelsea could use better transit connections, but they've improved significantly in recent years with SL3 and the new commuter rail station.

View attachment 60291

Developers bought that whole block minus the building on the right that has the white roof. Based on a couple meetings, the community does not want this massive project that focuses on micro 1-BR apartments (approx 420 SQ). the 50 Parking spaces for all of the units + Commercial Locations + Bike Racks + Charging Station + trash is absurd. Traffic there is a nightmare and only to get worse.

The Developers did say that the City Manager fully supports the project was it was initially presented.

 

[scorpio02150]