POAH Plans Upgrades After Lynn Housing Acquisition
A Boston nonprofit will launch a building renovation program in 2025 to address deferred maintenance following its acquisition of a downtown Lynn senior housing community.
Newton Project for Middle-Income Seniors Funded
A project that received $129 million in MassDevelopment bond financing is designed to deliver a rare middle-income housing option for senior citizens in Newton.
Development Strategies for an Impending Housing Crisis
A planned 70-unit active adult community in Northampton is designed to make the math work for cash-poor seniors seeking to downsize and sell their homes.
Fresh Approaches to a Maturing Industry
Art galleries, Bocce courts and farm-to-table restaurants serving up produce grown on-site: Not the amenity list at a Millennial-focused apartment complex but features at recent developments by Benchmark Senior Living, led by CEO Tom Grape.
Kaplan Breaks Ground on Affordable Senior Complex
Kaplan Construction of Brookline has broken ground on the first affordable housing complex for seniors to be built in the Upham’s Corner section of Dorchester.
Housing Operators Urged to Explore Vaccine Options
Public and private low-income and affordable housing property operators should begin exploring options to vaccinate residents and staff now before the state activates the next phase of its vaccine distribution plan,
A Growing Role at Boston’s ‘Quiet Giant’
Jennifer Francis has a day-to-day window into how all commercial real estate sectors are performing throughout the pandemic as an executive vice president of Newton-based RMR Group.
It’s Time to Eliminate Blind Spots in Senior Housing Design
An unprecedented need for senior housing is coming. The question is whether we can provide enough safe, affordable, comfortable and care-appropriate options before the wave hits the shore.
Bringing Stability to an Uncertain Housing Market
Peabody Properties is among a group of Boston-area multifamily landlords and property managers that are working with their tenants to prevent evictions. Adam Kenney oversees management, leasing and sales for the company for 6,000 units at more than 60 properties.
Taurus Acquires $200M Senior Housing Portfolio
Boston-based Taurus Investment Holdings is making its first investment in the senior housing sector with a $200 million acquisition of six Massachusetts properties in a joint venture with Burlington-based Northbridge Cos.
68 Units of Senior Housing Proposed Near Franklin Park
The Jamaica Plain Neighborhood Development Corp. has filed plans with the city of Boston for a 68-unit project just north of Franklin Park in the city’s Dorchester neighborhood.
Belmont OK’s 150-Unit Senior Housing on Hospital Site
Belmont Town Meeting members recently approved zoning necessary for a plan by Northland Development Corp. to build 150 units of senior housing on a former part of the McClean Hospital grounds.
Housing to Replace Car Wash, Tow Lot in Allston-Brighton
Resuming their busy approval process after adjusting meeting and public comment protocols, Boston Planning & Development Agency directors gave the go-ahead to 354 housing units, including 254 at a trio of projects in the active Allston-Brighton submarket.
Newton Centre Housing Gets $8M Refinancing
A Newton Center elderly and disabled housing complex has received $8 million in refinancing from Rockport Mortgage Corp. of Gloucester.
Brookline Backs Purchase of Newbury College Site
Brookline town meeting Tuesday authorized the $14.8 million purchase of a 4-acre portion of the Newbury College campus from an Ohio developer that plans senior housing on part of the remaining site.
COVID-19 Could Make the Affordable Housing Crisis Worse
Subsidized housing funding comes with extremely strict deadlines for performance. If an project is delayed not only can costs increase, as prices for materials rise, but project funds can actually disappear.
Brookline Affordable Development Named After Harold Brown, Brother
The late, famed Boston residential developer and landlord Harold Brown recieved another honor last week when 2Life Communities and Congregation Kehillath Israel broke ground on a Coolidge Corner affordable housing complex named in his honor.
Senior Housing REIT Buys Newbury College Property
A senior housing specialist has acquired the 7.8-acre former Newbury College campus in Brookline for $34 million.
Massachusetts Can Use Senior Housing as a Vaccine
If housing instability or a lack of a service-rich environment drives overutilization of the health care system, health care providers should be able to write a prescription for an affordable home, equipped with supportive resident services.
Some Suburbs Forget Fixing Housing Market is a Team Effort
Some affluent suburbs like Weston are trying to use age-restricted Chapter 40B affordable housing developments to gain “safe harbor” from the law without helping change the dynamics of the regional real estate market.
