JV to Build 300,000 Sq. Ft. Mixed-Use Complex in Forest Hills
By Veronica Grecu, Associate Editor
Forest Hills Arborway, LLC, a joint venture between Beacon Hill-based The Brennan Group and real estate development and investment firm John M. Corcoran Company, is planning to create a 300,000-square foot residential and commercial complex in Jamaica Plain’s Forest Hills area. The development team filed this week a Project Notification Form with the Boston Redevelopment Authority (BRA).
Dubbed The Commons at Forest Hills, the project will be located at 3593-3615 Washington Street on a 2.8-acre industrial parcel owned by the Arborway Corp., a division of Hughes Oil Company. The Brennan-Corcoran partnership has an option to purchase the site for $3.5 million, according to the Boston Business Journal.
The proposed project calls for four buildings of three to five stories that will include a mix of 280 rental units ranging from studios to three-bedroom apartments, 37 of which will be designated affordable housing. Each building will include ground-level commercial/retail space, parking garages at the first level of the buildings totaling 185 parking spots, and 225 bicycle parking spaces in adjacent enclosures.
According to the Project Notification Form, the project was designed by Utile Inc. to achieve LEED Silver certification by using recycled and locally sourced construction materials, and by incorporating high efficiency heating and cooling systems in each apartment unit. A key component for the project’s environmental sustainability is the use of low-VOC paints, sealants and adhesives, which will enhance the indoor air quality. By implementing an individual billing system and using low-flow plumbing fixtures, residents at The Commons at Forest hills will be encouraged to reduce water and energy consumption.
If approved by the BRA, the project could kick off in late spring or early summer 2014, with an estimated completion date set for late 2016.
Rendering courtesy of Forest Hills Arborway, LLCTags: affordable hou, affordable housing, Architecture/Design, Boston Lead Story, BRA, Conventional - Market Rate, Developers, Development, energy efficient, Finance/Investment, Financiers, Forest Hills Arborway, Green, industrial site, Investors, Jamaica Plain, John M. Corcoran & Co., leasing, LEED silver, Local, market ra, mixed-use, multi-family, National, Professional, Regional, Residential, The Brennan Group, The Commons at Forrest Hills