Many thanks to everyone who has supported NOAH's Coppersmith Village project in East Boston! We had an exciting kick-off announcment event with over 100 attendees on July 22, with guest speakers Mayor Marty Walsh, Councilor Sal LaMattina, Senator Petrucelli, Robert Schmidt and more. This Eastie renaissance project will be developed on a 1.3 acre parcel of land with near-waterfront views at the old Architectural Iron Works site near the water’s edge fronting on Border, Decatur, and Liverpool Streets. The location provides a strong basis for a spunky new urban neighborhood in the Maverick/Central Square triangle in East Boston. This transit oriented development is close to the new $35M Maverick subway station and the new East Boston Health Center in Maverick Square. NOAH‘s vision is to create a modest ownership and rental mix that meshes well with the existing urban fabric and accommodates a diverse range of neighborhood needs. We want to bring light and greater safety to a very bleak street that will be transformed with the new development planned for the area. Also planned are a pocket park and a bicycle parking area.
The proposed project is comprised of 56 rental apartments along Border Street with 3,000 square feet of ground floor retail space planned for an outdoor cafe and restaurant. On the Liverpool Street frontage there will be 15 townhomes for sale using a three story format that ties into the typical triple decker of East Boston. The housing at Coppersmith Village will be a mix of affordable and market rate units, both rental and ownership: of the 56 apartments, 34 will be available to households at 60% AMI and below (with 8 at 30% AMI). Out of the 15 townhomes, three will be sold to households at 80% AMI or below; of the rentals, the remaining 22 units will be market rate; of the townhomes, 12 homes will be market rate.
Please check out the BNN covereage of the event at http://vimeo.com/101446202.