Wednesday, November 17, 2010

New Development Project

We're excited to have things slowly getting underway on our new development project, a 3 family in Somerville that we'll be converting into condominiums.  The property is in great shape - its been in the same family for 60+ years, and although it is 100 years old, it had many of its systems replaced in the 1980s.  What's most exciting about the project, though, is that the property has been under-occupied for years.  So we're actually adding housing stock to the local market, and by condo-converting, we're lowering the cost of home ownership in that area.  Look for updates on the process and our progress in the coming months.