Mayor Martin J. Walsh and Related Beal have unveiled The Beverly, Boston’s first 100% affordable and workforce housing development to be built in more than 25 years. The newly named 14-story building will offer 239 income-targeted apartments and the city living in the heart of Boston, conveniently located between the West End and North End neighborhoods.
The Beverly was formerly known by its location, Parcel 1B. An affordable housing development at Parcel 1B has been in the works for quite some time. As early as July 2015 Related Beal proposed this 484,000 square foot development to the Boston Redevelopment Authority for the vacant lot across the street from Lovejoy Wharf. Now, it is finally coming to fruition. The Beverly, designed by CBT Architects, will open for occupancy in January 2018 with breathtaking views of the surrounding cityscape and waterfront. Building amenities will include a 24-hour attended lobby, fitness center, two party rooms, a children’s playroom, dog spa, bike storage, and on-site parking. Located across the street from North Station, The Beverly will offer access to several public transportation options.
Units will be available to households with qualified incomes ranging from 30 percent of Area Median Income (AMI) up to 165 percent of AMI. In addition, 24 residences will be three-bedroom units – providing much needed, affordable, family-sized housing to the downtown area.
“Our partnership with Related Beal will give hundreds of families and individuals the opportunity to live downtown in affordable, transit-oriented housing. I am proud of our work that will help this important project reach completion, and hope this model will be replicated in neighborhoods across the City. Since 2014, we have invested nearly $100 million in affordable housing and we will continue to work everyday to ensure that everyone who wants to live in Boston has the opportunity to.” – Mayor Walsh
Related Beal will begin its community outreach program this Spring to educate prospective residents on eligibility criteria, how to apply, the housing lottery and selection process. Lease applications will be available for a limited time starting in July. In order to be considered for occupancy when the building opens in early 2018, completed applications must be postmarked by September 6, 2017. Interested residents are encouraged to visit www.thebeverlyboston.com to learn more and join the inquiry list to receive updates about the building.
This announcement of The Beverly builds upon the City of Boston’s commitment to affordable and workforce housing in our communities. The development is part of Mayor Walsh’s housing plan, “Changing City: Boston 2030,” which calls for the creation of 53,000 new residential units by 2030 – 44,000 specifically for workforce units.