Urban Strategy Fund : A new Boston Real Estate Fund
 

 

Property Type:

396,750 SF Mixed Use Residential Development on a 57,000 SF infill, urban site featuring

 

362 residential units including

~ 217 market-rate

   rentals

~ 95 affordable rentals

~ 50 affordable

   condominiums

40% affordable overall

 

~ 3,555 SF ground-floor commercial space

~ 5,050 SF interior community

   space 

~ 13,275 SF central open space that provides new pedestrian connection between Hudson and Kneeland streets 

~ 135 parking spaces

Landscaped sidewalks 

 

Investment Strategy:

Development in partnership with the Asian Community Development Corporation (ACDC)

 


 

 

OneGreenway.jpg 

One Greenway (Parcel 24)

Boston, MA

Before it was taken for highway construction in 1962, One Greenway (Parcel 24) was a diverse and vibrant residential community that was home to a wide array of ethnic groups and immigrants, including Chinese and Syrian families, as well as local shops and services in Boston's Chinatown Neighborhood. 

 

In 2000, the Asian Community Development Corporation (ACDC) led a comprehensive neighborhood effort to have the site returned to the community. New Boston and ACDC formed Parcel 24, LLC, and won the designation from the Massachusetts Turnpike Authority (MTA) in April 2006.


The project will include predominantly market rate and affordable rental units. The environmentally friendly, Smart Growth development will replace underutilized land with much needed housing, terraced open space, ground-floor commercial services, interior community space, landscaped sidewalks, and a vibrant street life.

 

One Greenway is a major milestone in ACDC’s mission to improve the quality of life for Asian Americans and the communities in which they live. This development will restore both sides of Hudson Street to active community use.

 

One Greenway will be one of few mixed-income developments built on the infrastructure of the new $15 billion I-90/I-93 Central Artery project in Boston.


The project will also create approximately 700 construction jobs and up to 40 permanent jobs in retail, community organizations and property management.

 

 

  Current Investments
 

545 Long Wharf

 

777 Brook Street

 

East Hartford Portfolio

 

Gates of West Bay

 

Harris Corners I - III

 

Lofts 881

 

Maitland Green I & II

 

Olmsted Green

 

One Greenway (Parcel 24)

 

The Schoolhouse

 

Seaside at 38 Hope Street

 

The Shops at Quonset

 

Southpoint Executive Center

 

Waterbury Senior Housing

 

Winooski Falls

 

Wyomissing

 

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