stick n move
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Swampscott is inside 128 so I put it in this forum, if people feel it should be moved feel free.
The Westcott will offer three studio, 71 one-, 28 two-, and 12 three-bedroom units.
“WinnDevelopment has closed on the financing for a 114-unit, mixed-income community in Swampscott, Massachusetts.
The firm is building The Westcott, which will feature 16 apartments for households earning up to 30% of the area median income (AMI), 62 apartments for residents earning up to 60% of the AMI, 16 middle-income apartments for those earning up to 110% of the AMI, and 20 market-rate units.
“We’re grateful to our state and local financing partners for their support of this transformational, transit-oriented development,” said Adam Stein, executive vice president of WinnDevelopment, the development arm of WinnCompanies. “The mix of incomes and unit types will add more options to the town's housing stock, including workforce housing, and create a community that will appeal to a broad mix of young professionals, commuters, downsizing households, and families.”
Under construction on a 1.3-acre former industrial property, the $69.1 million development is being built to passive house standards, the most rigorous high-performance green building standard in the world, which means it will use significantly less energy than typical apartment buildings while creating a sustainable, comfortable, and healthy indoor air environment, said officials.
Amenities will include indoor and outdoor gathering spaces; a rooftop deck with grilling stations, a café, and lounge seating; a fitness center; a resident lounge with a catering kitchen; private workspaces; a dog spa; and package lockers….”
https://www.housingfinance.com/fina...g-for-69-1-million-mixed-income-development_o
WinnCompanies Secures Financing for $69.1 Million Mixed-Income Development
The firm is bringing affordable housing options in a new passive housing community.
The Westcott will offer three studio, 71 one-, 28 two-, and 12 three-bedroom units.
“WinnDevelopment has closed on the financing for a 114-unit, mixed-income community in Swampscott, Massachusetts.
The firm is building The Westcott, which will feature 16 apartments for households earning up to 30% of the area median income (AMI), 62 apartments for residents earning up to 60% of the AMI, 16 middle-income apartments for those earning up to 110% of the AMI, and 20 market-rate units.
“We’re grateful to our state and local financing partners for their support of this transformational, transit-oriented development,” said Adam Stein, executive vice president of WinnDevelopment, the development arm of WinnCompanies. “The mix of incomes and unit types will add more options to the town's housing stock, including workforce housing, and create a community that will appeal to a broad mix of young professionals, commuters, downsizing households, and families.”
Under construction on a 1.3-acre former industrial property, the $69.1 million development is being built to passive house standards, the most rigorous high-performance green building standard in the world, which means it will use significantly less energy than typical apartment buildings while creating a sustainable, comfortable, and healthy indoor air environment, said officials.
Amenities will include indoor and outdoor gathering spaces; a rooftop deck with grilling stations, a café, and lounge seating; a fitness center; a resident lounge with a catering kitchen; private workspaces; a dog spa; and package lockers….”
https://www.housingfinance.com/fina...g-for-69-1-million-mixed-income-development_o