Full Article: http://nerej.com/the-davis-companies-host-ribbon-cutting-for-85-unit-telford180
November 03, 2017 – Owners Developers & Managers
Allston, MA The Davis Companies (TDC) and mayor Martin Walsh held a ceremonial ribbon cutting to celebrate the opening of Telford180, an 85-unit condominium building located at the corner of Soldiers Field Rd. and Telford St. Contributing to the pace of development of the Allston-Brighton neighborhood, the six-story building features a mix of studio, one-bedroom, two-bedroom, and three-bedroom homes, including six affordable, family sized units targeted to first-time home buyers.
The opening of Telford180 marks the final completion of the Charlesview Apartments development, a multi-phase project that commenced in 2011 with the construction of 280 mixed-income and affordable units in the Charlesview Residences located adjacent to Telford180. Together, the two projects enhance the community through the creation of both market-rate home ownership and affordable housing opportunities.
Telford180 offers an 84-space underground parking garage and amenities that including a fitness center, clubhouse with private courtyard, dog washing station, private conference rooms, bike garage and rowing room. Residents are located near retail and restaurants, currently home to Brighton Landing Café, Article 24, Tavern in the Square, and Boston Boxing & Fitness. The commuter-friendly building offers a convenient, transit-oriented lifestyle with access to multiple MBTA bus stops, the Boston Landing Commuter Rail Station, and the Charles River.
Designed by CUBE 3 Studio, Telford180 provides 17 unique floor plans that each include a washer and dryer and kitchen with stainless steel appliances. The building’s design and amenity base are complemented by a 6,000 s/f public park located on the building’s southern edge at the intersection of Western Ave. and Telford St.
“Allston-Brighton is a growing, evolving neighborhood that stands out for its energy and sense of community,” said mayor Walsh. “We need to provide more housing options to those who wish to live here, and I’m pleased these 85 units – six of which will be affordable, family-sized units – will help us reach our citywide goal of building 53,000 units of housing by 2030. Thank you to all partners for making 180 Telford St. possible.”
“We developed Telford180 in recognition of greater Boston’s need for a wider array of homeownership opportunities, and we are proud to be delivering Telford180 as a standout in this market with a reasonable price point as compared to residences of similar quality and amenity base located elsewhere in Boston,” said Stephen Davis, vice president at TDC Development Group. “We are deeply appreciative of the partnerships we’ve established with the Allston-Brighton community and with the City of Boston, all of which have enabled us to deliver this much needed mid-luxury housing option with easy access to downtown Boston. We are looking forward to welcoming the incoming buyers of Telford180’s units into their new homes.”
“We are thrilled to have reached this third and final milestone in the redevelopment of Charlesview Apartments,” said Jo-Ann Barbour, executive director of Charlesview Inc. “This project has been a long time in the making, and a major collaborative effort which we’re proud to have been a part of. We’re extremely grateful to The Davis Companies, the City of Boston, our partner, The Community Builders, Inc. and Harvard University for their hard work, support and dedication that has enabled us to achieve the goal of providing new and much-needed affordable and mixed-income housing opportunities for the residents of Allston-Brighton.”
The Davis Companies has acquired and developed more than 7,000 multifamily units throughout the Eastern U.S. Recent notable projects include: The Reserve at Burlington, a 270-unit multifamily development in Burlington, MA, on which the company recently broke ground; the 249-unit Parc Westborough Apartments in Westborough, MA, built in a joint venture with Toll Brothers Apartment Living; the substantial renovation of 600 units across 30 residential buildings in The River City Renaissance portfolio in Richmond, VA; the repositioning of 216 units at The Ponds at Naperville in Naperville, IL; and the construction of 320 new units at The Lodge at Croasdaile in Durham, N.C. TDC is also currently in the preliminary stages of developing a 13-story, mixed use property with 143 residential units and 980 s/f of retail space at 112 Shawmut Ave. in Boston; and approximately 119 luxury residences at the former Hodge Boiler Works site in East Boston, that will feature 7,200 s/f of co-working space that will be open to the public. The project will also include construction of a new section of the East Boston Harborwalk.
Committed to excellence in both investment performance and operations, The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $4 billion in gross asset value through real estate equity, debt, and fixed-income securities. A unique combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex and contrarian opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 12 million square feet across the Eastern United States.