FOR INFORMATION
REGARDING LEASING,
please email us at
leasing@newbostonfund.com
or call 1.866.DIAL.NBF

RETURN TO RECENT SALES >

Schoolhouse at Lower Mills
Dorchester, MA 02126

Acquired

10/30/2006

Location

Schoolhouse is situated in the Lower Mills village of Dorchester, MA, the largest of Boston`s neighborhoods. Lower Mills, which straddles the Neponset River separating Boston from neighboring Milton, has been undergoing a resurgence as a vibrant residential community over the last decade. With water views and immediate access to mass transit and the Neponset River Greenway bike paths, Schoolhouse is well located to serve as a home for professionals working both in Boston and in Boston`s South Shore suburbs.

Description

Schoolhouse at Lower Mills is a 62 unit apartment community constructed in 2008 in a partnership between New Boston Fund and Schoolhouse Ventures. Originally conceived as a condominium community, Schoolhouse offers residents high quality finishes consistent with a condominium property. The project includes a new, four story residential building attached to a fully renovated two-story 1850s wooden schoolhouse.

Investment Rationale

High quality residential development constructed at a low basis
Situated in an emerging residential market with easy transit access and attractive local amenities including public parks and bike paths
Currently being managed as a high quality, reasonably priced apartment community
Built in partnership with an experienced, dedicated joint venture partner



Fund Ownership

Map

For more information regarding properties for sale, please email us at sales@newbostonfund.com or call 1.866.DIAL.NBF