The Residences at Brighton Marine, a $46 million TOD community located in Boston, will provide 102 mixed-income apartment homes for veterans. The project is a joint venture between WinnDevelopment and non-profit veteran network community Brighton Marine.
The seven-story building is combined with an adapted historic structure to form a campus with 11 studio, 47 one-, 33 two-, and 11 three-bedroom apartments. 11 of the units will be set aside for households earning 30% of the area median income (AMI), 59 units for households earning 60% of the AMI, and 10 units for households at 80% of the AMI. The remaining 22 units will be at 120% of the AMI. Also included are on-site clinical, behavioral health, and family services.
See Also: $53 million Chamberlain apartments will comprise six buildings, three new and three renovated
Courtesy TAT.
The complex is located near public transit and a local job center and will complement an existing initiative by the non-profit Brighton Marine that helps homeless veterans and their families with money for security deposits, rent, outstanding utility bills, and moving expenses.
Related Stories
Market Data | Jul 20, 2021
Multifamily proposal activity maintains sizzling pace in Q2
Condos hit record high as all multifamily properties benefit from recovery.
Multifamily Housing | Jul 19, 2021
HAL Architects designs 'swimmable bridge' that connects two residential buildings
The project has been dubbed Sky Pool.
Multifamily Housing | Jul 19, 2021
Artesa at Menifee Town Center provides urban-style living in a small-town setting
MBK Rental Living is the project’s developer.
Multifamily Housing | Jul 15, 2021
Greystar’s The Pullman is a new mixed-use apartment community in Denver
The Mulhern Group designed the project.
Multifamily Housing | Jul 15, 2021
Economic rebound leads to record increase in multifamily asking rents
Across the country, multifamily rents have skyrocketed. Year-over-year rents are up by double digits in nine of the top 30 markets, while national YoY rent growth is up 6.3%. Emerging from the pandemic, a perfect storm of migration, enhanced government stimulus and a hot housing market, among other factors, has enabled this extremely strong growth.
Multifamily Housing | Jul 13, 2021
489-unit multifamily community completes redevelopment in Missouri
The community is located in Chesterfield, Mo.
Multifamily Housing | Jul 11, 2021
New fixed-wood closet system for multifamily developments introduced
VUE is a new high-quality, economical fixed-wood shelving system from Organized Living.
Multifamily Housing | Jul 11, 2021
Aluminum railing systems offer ‘versatile styling, easy installation’
Trex Aluminum railing systems offer ‘versatile styling, easy installation,' says the manufacturer.
