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News: Owners Developers & Managers
Posted: February 4, 2022
Eaglebrook Capital receives permit for a 29-unit residential development - working with Balance Arch.; Design Consultants; Desimone; Linnean; & Norian Siani
Somerville, MA Eaglebrook Capital has received a building permit for a 29-unit residential development at 118 Prospect St. in Somerville and 386 Prospect St. in Cambridge. Plans call for the demolition of an existing warehouse, formerly the site of Stuart Fasteners Corp., established in 1966.
The 30,857 s/f building is designed to both Passive House and LEED Gold standards. The development will consist of one, two and three-bedroom high efficiency units across four floors. Residents will enjoy amenities such as on-site fitness center, roof deck and balconies with views of the Boston skyline. Approvals for no vehicular on-site parking were sought and granted given the project’s close proximity to the new Union Square GLX station. 118 Prospect will include five inclusionary units, bolstering Somerville’s affordable housing supply.
The design team features Balance Architects, Design Consultants Inc., Desimone Consulting Engineering, Linnean Solutions and Norian Siani Engineering and will be one of Somerville’s first Passive House projects delivered.
MORE FROM Owners Developers & Managers
Mount Vernon Co. acquires John Carver Inn & Spa in Plymouth, MA
Plymouth, MA The Mount Vernon Company (MVC), a Boston-based real estate and hospitality investment firm, has completed the acquisition of the John Carver Inn & Spa, an 80-room property.
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Quick Hits
Columns and Thought Leadership
Selecting the right façade installation firm - by Steven Powell
As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact
Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn
For decades, New England has had a summer-peaking power system, where the greatest energy use occurs on the hottest and most humid days, due to widespread use of air conditioning. But by the mid-2030s, electrification of the heating sector likely will result in a winter peak that’s higher than the summer peak.
IREM President’s Message: Fostering community connections during the holiday season
The holidays are again taking center stage, and with them comes an opportunity for multifamily communities to connect with the businesses and organizations in their cities and towns, fostering a sense of unity and generosity during this giving season
