HGI currently owns 978 units in the area and has bought and sold over 3,100 apartments across nine properties in Massachusetts.

The project was the first to use the city’s Downtown Residential Conversion Incentive Program, which encourages developers to convert office buildings into residences.

Despite a slowdown in single-family construction activity, newly built homes are becoming increasingly accessible to American buyers, in terms of both availability and affordability. According to data from the New-Construction Insights report released by Realtor.com, in the second quarter

Located at 344-350 Washington St., the six-story development will replace an existing structure set for demolition.

Housing Development Incentive Program (HDIP) awards totalling $15 million will fund the development projects.

POAH plans to maintain the property’s architectural integrity and restore its historical exterior facades.

A 1950’s era vacant commercial building and asphalt parking lot currently sit on the site. The project marks the first phase of a broader redevelopment effort in the area.

The community will feature eight studio apartments, 43 one-bedroom units, 10 two-bedroom units and one three-bedroom unit.

The development highlights traditional New England architecture and features a town green and wooded walking paths.

After years of fast-paced home sales, tight inventory and relentless price growth, the U.S. housing market may finally be entering a new chapter.

The development also marks the start of a long-term revitalization effort for the Hartwell Avenue corridor.

An affiliate of JMB Property Development Company will demolish two vacant structures at 29-33 Romsey Street, replacing them with a multi-story apartment building and townhouses.

The redevelopment will see the properties transformed into two multifamily residential buildings, one with 130 units across six floors and the other with 100 units across five floors. Plans include commercial space as well.

Broadleaf offers residents access to tennis courts, a fitness center, championship public golf courses and walking trails.

Developers hope to restore the building’s original two-story brick facade, reconstruct the existing two floors and add three new stories.

Driven primarily by the construction boom during the pandemic, the housing market has seen some improvements in affordability, but homes remain out of reach for many would-be buyers.