BOSTON-Asian Community Development Corp. and New Boston Fund have secured $130 million in city and state funds for a 345-unit multifamily project in Boston. The construction financing will help start the initial phase of the development.
The project, known as Parcel 24, will comprise 200 market-rate units, 50 homeownership residences and 95 affordable apartments. It will also include 125 underground parking spaces, 6,000 square feet of community space and roughly 5,500 square feet of retail space. For the full story, go to Commercial Property Executive .
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