City of Boston, Commonwealth of Massachusetts hail opening of 80-unit housing community in support of long-term housing plan
BOSTON – August 30, 2017 – LBC Boston, a diverse group of companies successfully managing real estate and business ventures, is proud to announce the grand opening of its first residential project in Boston. Located at 1505 Commonwealth Avenue in the Brighton neighborhood of Boston, Nova Residences is a six-story, 68,000 SF building that offers 80 residential units, with ten of the units designated as affordable. U.S. Congressman Michael Capuano, Massachusetts Governor Charlie Baker, and Boston Mayor Marty Walsh participated in a ribbon cutting ceremony on Monday, August 28th to mark the grand opening of the $25 million residential complex.
“We need projects like this. We need a mix of housing for the poor, the wealthy, and the in-between,” said U.S. Congressman Michael Capuano, representative for the 7th Congressional District of Massachusetts. “It is critically important to honor every rung on the ladder. This building helps fulfill that mission.”
Developed, owned and operated by LBC Boston, Nova Residences is the embodiment of luxury with energy efficient stainless-steel appliances, modern cabinetry, and laundry appliances in each unit. Built on the highest point in Brighton, many apartments offer spectacular views of the Boston skyline. Designed to achieve LEED certification, building features include a fitness center, community/game room, dog grooming station, and on-site management office with package receiving service. Community space extends outdoors with landscaped patios, an 80-car parking lot, and on-site bike storage.
“We’re committed to working with local, community, and private partners to make investments that promote local growth, development, and housing across Massachusetts,” said Massachusetts Governor Charlie Baker. “1505 Commonwealth Avenue was the location of my former campaign headquarters, and the transformation of this building by LBC Boston is just amazing.”
The three-year project led by LBC Boston is part of “Housing a Changing City: Boston 2030,” the City of Boston’s housing plan, which aims to create housing across demographics and neighborhoods, outlines the City’s strategies for housing an expected 91,000 new Bostonians by the year 2030, and calls for the creation of 53,000 new units of housing at a variety of income levels across the City. At the grand opening of 1505 Commonwealth Avenue, Boston Mayor Marty Walsh said, “thank you for the great work here. This adds to the local economy and to the community. It is exciting to see the growth and amenities that come with housing.”
Located in what has been deemed “Boston’s next ‘IT’ neighborhood” and anchored by St. Elizabeth's Medical Center, residents will enjoy a wide array of local amenities and conveniences within walking distance, including shopping and dining establishments, cultural and sporting events at nearby Boston College and Boston University, and easy access to the MBTA Green Line, Mass Pike, and Routes 9 and 20.
With 100 percent occupancy upon opening, the Nova Residences feature spacious studios, lofts, and a mix of one- and two-bedroom apartments, with rents ranging from $1,850 to $3,250 per month.
Project Team
- Owner/Developer: LBC Boston
- Architect: SN Consulting Group
- Construction Manager: D.F. Pray Contractors
- Landscape Architect: RBLA Design
- MEP Engineer: Zade Associates
- Structural Engineer: Allen & Major Associates
- Civil Engineer: Bohler Engineering
- Electrical Contractor: Wayne J. Griffin Electric
- LEED Consultant: NV5
- Leasing Agent: Charlesgate Realty
About LBC Boston
LBC Boston is a diverse group of companies successfully managing both real estate and business ventures, including community development, healthcare, non-profit, venture capital, and hospitality. LBC Boston has developed over 1,000,000 SF in the Greater Boston area since 2003. For more information, visit www.lbcboston.com or follow us @LBCBoston.
Media Contact:
Susan Shelby, FSMPS, CPSM
Rhino Public Relations
978.985.4541
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